Question

A partially completed worksheet for At Home Pet Grooming Service, a firm that grooms pets at the owner’s home, follows.

Required:

1.Complete the worksheet.

2.Record the adjusting entries in the general journal (transactions 1-3).

3.Record the closing entries in the general journal (transactions 4-7)

4.Post the adjusting entries and the closing entries to the general ledger accounts. Hint: Be sure to enter beginning balances.

5.Prepare a post-closing trial balance.

Analyze:  
What total debits were posted to the general ledger to complete all closing entries for the month of December?

Complete this question by entering your answers in the tabs below.

Req 1

Req 2 and 3

Req 4

Req 5

Analyze

Complete the worksheet.

At Home Pet Grooming Service Worksheet Month Ended December 31, 2019 Trial Balance Adjustments Adjusted Trail Balance Income Statement Balance Sheet Account Name Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash $31,350 $31,350 $31,350 Accounts receivable 5,100 5,100 5,100 Supplies 4,600 1,750 2,850 2,850 Prepaid advertising 3,300 1,550 1,750 1,750 Equipment 20,300 20,300 20,300 Accumulated depreciation—Equipment 510 510 510 Accounts payable 5,300 5,300 5,300 Shara Johns, Capital 38,500 38,500 38,500 Shara Johns, Drawing 2,300 2,300 2,300 Fees income 28,980 28,980 28,980 Salaries expense 5,100 5,100 5,100 Utilities expense 730 730 730 Supplies expense 1,750 1,750 1,750 Advertising expense 1,550 1,550 1,550 Depreciation expense—Equipment 510 510 510 Totals $72,780 $72,780 $3,810 $3,810 $73,290 $73,290 $9,640 $28,980 $63,650 $44,310 Net income 19,340 19,340 $28,980 $28,980 $63,650 $63,650

Req 1

Record the adjusting entries and the closing entries in the general journal.

No	Date	General Journal	Debit	Credit
1	Dec 31, 2019	Supplies expense	1,750
		Supplies		1,750
2	Dec 31, 2019	Advertising expense	1,550
		Prepaid advertising		1,550
3	Dec 31, 2019	Depreciation expense—Equipment	510
		Accumulated depreciation—Equipment		510
4	Dec 31, 2019	Fees income	28,980
		Income summary		28,980
5	Dec 31, 2019	Income summary	9,640
		Depreciation expense—Equipment		510
		Salaries expense		5,100
		Supplies expense		1,750
		Utilities expense		730
		Advertising expense		1,550
6	Dec 31, 2019	Income summary	19,340
		Shara Johns, Capital		19,340
7	Dec 31, 2019	Shara Johns, Capital	2,300

Req 1

Req 2 and 3

Req 4

Req 5

Analyze

Post the adjusting entries and the closing entries to the general ledger accounts. Hint: Be sure to enter beginning balances.

Supplies Account No. 121 Prepaid Advertising Account No. 131 Date Debit Credit Balance Date Debit Credit Balance Dec 31, 2019 4,600 Dec 31, 2019 3,300 Dec 31, 2019 1,750 2,850 Dec 31, 2019 1,550 1,750 Accumulated Depreciation—Equipment Account No. 142 Shara Johns, Capital Account No. 301 Date Debit Credit Balance Date Debit Credit Balance Dec 31, 2019 510 510 Dec 31, 2019 38,500 Dec 31, 2019 Dec 31, 2019 Shara Johns, Drawing Account No. 302 Income Summary Account No. 309 Date Debit Credit Balance Date Debit Credit Balance Dec 31, 2019 2,300 Dec 31, 2019 Dec 31, 2019 2,300 0 Dec 31, 2019 Dec 31, 2019 Fees Income Account No. 401 Salaries Expense Account No. 511 Date Debit Credit Balance Date Debit Credit Balance Dec 31, 2019 28,980 Dec 31, 2019 5,100 Dec 31, 2019 28,980 0 Dec 31, 2019 5,100 0 Utilities Expense Account No. 514 Supplies Expense Account No. 517 Date Debit Credit Balance Date Debit Credit Balance Dec 31, 2019 730 Dec 31, 2019 Dec 31, 2019 730 0 Dec 31, 2019 Depreciation Expense—Equipment Account No. 523 Advertising Expense Account No. 526 Date Debit Credit Balance Date Debit Credit Balance Dec 31, 2019 510 (510) Dec 31, 2019 Dec 31, 2019 Dec 31, 2019 1,550 (1,550)

Answer 1

Supplies		Account No. 121			Prepaid Advertising		Account No. 131
Date	Debit	Credit	Balance		Date	Debit	Credit	Balance
31-Dec-19			4,600		31-Dec-19			3,300
31-Dec-19		1,750	2,850		31-Dec-19		1,550	1,750
Accumulated Depreciation—Equipment		Account No. 142			Shara Johns, Capital		Account No. 301
Date	Debit	Credit	Balance		Date	Debit	Credit	Balance
31-Dec-19			0		31-Dec-19			38,500
31-Dec-19		510	510		31-Dec-19		19340	57,840
Shara Johns, Drawing		Account No. 302			Income Summary		Account No. 309
Date	Debit	Credit	Balance		Date	Debit	Credit	Balance
31-Dec-19			2,300		31-Dec-19			0
31-Dec-19		2,300	0		31-Dec-19		28980	28980
					31-Dec-19	9640		19340
					31-Dec-19	19340		0
Fees Income		Account No. 401			Salaries Expense		Account No. 511
31-Dec-19			28,980		31-Dec-19			5,100
31-Dec-19	28,980		0		31-Dec-19		5,100	0
Utilities Expense		Account No. 514			Supplies Expense		Account No. 517
Date	Debit	Credit	Balance		Date	Debit	Credit	Balance
31-Dec-19			730		31-Dec-19			0
31-Dec-19		730	0		31-Dec-19	1750		1750
					31-Dec-19		1750	0
Depreciation Expense—Equipment		Account No. 523			Advertising Expense		Account No. 526
Date	Debit	Credit	Balance		Date	Debit	Credit	Balance
31-Dec-19			0		31-Dec-19			0
31-Dec-19	510		510		31-Dec-19	1550		1,550
31-Dec-19		510	0		31-Dec-19		1550	0

Worksheet
Month Ended December 31, 2019
	Trial Balance		Adjustments		Adjusted T/B		Income Statement		Bal.Sheet/Post closing T/B
Account Name	Debit	Credit	Debit	Credit	Debit	Credit	Debit	Credit	Debit	Credit
Cash	31350				31350				31350
Accounts receivable	5100				5100				5100
Supplies	4600			1750	2850				2850
Prepaid advertising	3300			1550	1750				1750
Equipment	20300				20300				20300
Accumulated depreciation—Equipment				510		510				510
Accounts payable		5300				5300				5300
Shara Johns, Capital		38500				38500				57840
Shara Johns, Drawing	2300				2300				2300
Fees income		28980				28980		28980
Salaries expense	5100				5100		5100
Utilities expense	730				730		730
Supplies expense			1750		1750		1750
Advertising expense			1550		1550		1550
Depreciation expense—Equipment			510		510		510
Net income/Income Summary							19340
	72780	72780	3810	3810	73290	73290	28980	28980	63650	63650