Question

Save & Exl Checic Required information [The following information applies to the questions displayed below.) Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Assume the year ended on September 30, 2018. Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Deferred Revenue Depreciation Expense Equipment Income Tax Expense Interest Revenue Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent Rent Expense Retained Earnings Salaries and Wages Expense Service Revenue Supplies Supplies Expense Travel Expense $ 606 306 906 306 206 206 306 3,206 306 106 206 506 106 406 1,506 2,206 6,218 506 206 2,606 - Prepare a post-closing trial balance at September 30, 2018

Answer 1

STARBOOKS CORPORATION
Post closing Trial Balance
Account Titles	Debit ($)	Credit ($)
Cash	$ 306
Accounts receivable	$ 306
Supplies	$ 506
Prepaid rent	$ 106
Equipment	$ 3,206
Accumulated Depreciation		$ 906
Accounts payable		$ 606
Deferred revenue		$ 206
Notes payable(Short term)		$ 506
Notes payable(Long term)		$ 206
Common stock		$ 206
Retained earnings		$ 1,506
Service revenue		$ 6,218
Interest revenue		$ 106
Travel expense	$ 2,606
Salaries and wages expense	$ 2,206
Rent expense	$ 406
Depreciation expense	$ 306
Supplies expense	$ 206
Income tax expense	$ 306
Grand Total	$ 10,466	$ 10,466