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Category > Accounting Posted 12 Dec 2017 My Price 10.00

data to prepare a trial balance.

: At the end of a month, a business shows the following balances in its ledger.

Please use this data to prepare a trial balance.

Account Title	Debit	Credit

Chapter 3: Below is the adjusted trial balance for Parsons Repair Service. Please prepare the balance sheet at December 31, 2012.

Accounts	Debit	Credit
Cash	$1,600
Accounts receivable	2,400
Prepaid rent	800
Supplies	200
Building	14,000
Accumulated depreciation		$2,000
Accounts payable		4,200
Salary payable		1,000
Unearned revenue		800
D. Parsons, capital		6,000
D. Parsons, drawing	1,000
Service revenue		50,000
Salary expense	21,000
Rent expense	14,000
Depreciation expense	8,500
Supplies expense	500
Total	$64,000	$64,000

Chapter 4: The following is the adjusted trial balance for Tuttle Photography.

Accounts	Debit	Credit
Cash	$15,000
Accounts receivable	30,000
Prepaid insurance	7,500
Office supplies	3,200
Land	40,000
Building	160,000
Accumulated depreciation		$12,000
Equipment	75,000
Accumulated depreciation		8,500
Accounts payable		12,000
Salaries payable		2,000
Unearned service revenue		25,000
Mortgage payable		100,000
R. Tuttle, capital		21,290
R. Tuttle, drawing	23,000
Service revenue		289,000
Salaries expense	61,000
Depreciation expense	6,150
Supplies expense	14,040
Insurance expense	14,000
Utilities expense	20,900
	$469,790	$469,790

Using the information from the worksheet above, prepare the closing entry for Expenses.

Chapter 5: An adjusted trial balance is shown below.

	Debit	Credit
Cash	$12,600
Accounts receivable	2,400
Prepaid rent	800
Inventory	30,000
Accounts payable		$4,200
Salary payable		1,000
Notes payable		800
Capital		13,800
Drawing	1,000
Sales revenue		96,000
Sales returns and allowances	1,600
Sales discounts	400
Cost of goods sold	23,000
Salary expense	21,000
Rent expense	14,000
Depreciation expense	8,500
Supplies expense	500
Total	$115,800	$115,800

Please prepare the second closing entry.

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Status NEW Posted 12 Dec 2017 08:12 AM My Price 10.00

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