Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 20 Jan 2018 My Price 6.00

Change Painting Company

preparation of Closing Entries

p8. Change Painting Company’s adjusted trial balance at December 31, 2014, follows. The owner made no investments during the period.

Change painting Company Adjusted trial Balance December 31, 2014

 

 

Cash

9,500

 

Accounts Receivable

5,184

Prepaid Insurance

760

Prepaid Rent

400

Painting Supplies

304

Painting Equipment

7,750

Accumulated Depreciation—Painting Equipment

 

 

640

Truck

14,400

 

 

Accumulated Depreciation—Truck

 

 

1,440

Accounts Payable

 

 

840

Wages Payable

 

 

590

Unearned Painting Revenue

 

 

3,380

G. Ranke, Capital

 

 

30,068

G. Ranke, Withdrawals

4,000

 

 

Painting Revenue

 

 

29,240

Wages Expense

11,360

 

 

Rent Expense

2,700

 

 

Gas, Oil, and Other Truck Expenses

1,160

 

 

Insurance Expense

760

 

 

Supplies Expense

5,840

 

 

Depreciation Expense—Painting Equipment

640

 

 

Depreciation Expense—Truck

1,440

 

 

 

66,198

 

66,198

 

 

rEQUIrED

Prepare the required closing entries.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Answers

Maurice Tutor
(5)
Status NEW Posted 20 Jan 2018 11:01 PM My Price 6.00

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