Item2 Item 2 Time Remaining 48 minutes 43 seconds 00:48:43 The alphabetical listing below includes all...

Item2

Item 2

Time Remaining 48 minutes 43 seconds

00:48:43

The alphabetical listing below includes all of the adjusted account balances of Battle Creek, Inc. as of December 31, 2018. All account balances are normal.


Accounts Payable	$	4,800
Accounts Receivable		10,000
Accumulated Depreciation		4,100
Common Stock		2,600
Cash		4,000
Depreciation Expense		1,600
Dividends		1,000
Equipment		10,400
Income Tax Expense		1,300
Income Taxes Payable		1,300
Rent Expense		1,400
Retained Earnings		3,100
Salaries and Wages Expense		6,400
Service Revenue		18,900
Deferred Revenue		1,300

Required:

Prepare the closing entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
Prepare the post-closing trial balance as of December 31, 2018. (Enter all account balances, including any that may carry a zero-balance.)
Prepare the classified balance sheet at December 31, 2018. (Amounts to be deducted should be indicated by a minus sign.)

Expert Solution

ekkarill92 answered 1 year ago

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