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 > Accounting Posted 23 Jul 2017 My Price 9.00

Sundance Marketing Co

The adjusted trial balance for Sundance Marketing Co. follows. Complete the four right-most columns of the table by first entering information for the four closing entries (keyed 1 through 4) and second by completing the post- closing trial balance.

 

 

Adjusted

Trial Balance

Closing Entry

Information

Post-Closing

Trial Balance

No.

Account Title

Dr.

Cr.

Dr.

Cr.

Dr.

Cr.

101

Cash

$8,200

  

 

 

 

 

106

Accounts receivable

24,000

  

 

 

 

 

153

Equipment

41,000

  

 

 

 

 

154

Accumulated depreciation—Equipment

 

$16,500

 

 

 

 

193

Franchise

30,000

  

 

 

 

 

201

Accounts payable

 

14,000

 

 

 

 

209

Salaries payable

 

3,200

 

 

 

 

233

Unearned fees

 

2,600

 

 

 

 

301

H. Sundance, Capital

 

64,500

 

 

 

 

302

H. Sundance, Withdrawals

14,400

  

 

 

 

 

401

Marketing fees earned

 

79,000

 

 

 

 

611

Depreciation expense—Equipment

11,000

  

 

 

 

 

622

Salaries expense

31,500

  

 

 

 

 

640

Rent expense

12,000

  

 

 

 

 

677

Miscellaneous expenses

7,700

  

 

 

 

 

901

Income summary

 

  

 

 

 

 
 

Totals

$179,800

$179,800

 

 

 

 

 

Answers

Maurice Tutor
(5)
Status NEW Posted 23 Jul 2017 09:07 PM My Price 9.00

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