Problem

The accountant for Successful Consulting prepared the following “Adjusted” Trial Balance a...

The accountant for Successful Consulting prepared the following “Adjusted” Trial Balance at December 31, 20__ after one year of operations

 

Debit

Credit

Cash 

$  5,700

 

Accounts Receivable 

4,500

 

Unexpired Insurance 

2,100

 

Office Equipment 

18,300

 

Accumulated Depreciation: Office Equipment 

 

$   600

Unearned Consulting Fees 

 

3,600

Capital Stock 

 

15,300

Retained Earnings, January 1, 20__ 

 

2,700

Dividends 

1,100

 

Consulting Fees Earned 

 

21,200

Salaries Expense 

6,600

 

Utilities Expense 

1,800

 

Rent Expense 

2700

 

Depreciation Expense 

      600

______

 

$43,400

$43,400

 

 

 

Prepare an After-Closing Trial Balance.

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Solutions For Problems in Chapter 5