Question

PA4-1 Preparing a Trial Balance, Closing Journal Entry, and Post-Closing Trial Balance [LO 4-3, LO 4-5]

Required:

1-a.	Prepare an adjusted trial balance at September 30, 2015.

Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Assume the year ended on September 30, 2015. PA4-1 Part 2 2. Prepare the closing entry required at September 30, 2015. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Accounts Payable	$	600
Accounts Receivable		300
Accumulated Depreciation—Equipment		900
Cash		300
Common Stock		200
Depreciation Expense		300
Equipment		3,200
Income Tax Expense		300
Interest Revenue		100
Notes Payable (long-term)		200
Notes Payable (short-term)		500
Prepaid Rent		100
Rent Expense		400
Retained Earnings		1,500
Salaries and Wages Expense		2,200
Service Revenue		6,200
Supplies		500
Supplies Expense		200
Travel Expense		2,600
Unearned Revenue		200

Answer 1