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Sunland Company had the following adjusted trial balance. Sunland Company Adjusted Trial Balance For the Month...

Sunland Company had the following adjusted trial balance.

Sunland Company
Adjusted Trial Balance
For the Month Ended June 30, 2020

Adjusted Trial Balance

Account Titles

Debit

Credit
Cash $3,740
Accounts Receivable 3,770
Supplies 430
Accounts Payable $2,000
Unearned Service Revenue 200
Owner’s Capital 4,840
Owner’s Drawings 580
Service Revenue 5,100
Salaries and Wages Expense 1,500
Miscellaneous Expense 280
Supplies Expense 2,460
Salaries and Wages Payable 620
$12,760 $12,760
Prepare closing entries at June 30, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

No.

Account Titles and Explanation

Debit

Credit
1.

(To close revenue account)
2.

(To close expense accounts)
3.

(To close net income / (loss))
4.

(To close drawings)

SHOW LIST OF ACCOUNTS

LINK TO TEXT
Prepare a post-closing trial balance.
SUNLAND COMPANY
Post-Closing Trial Balance

For the Month Ended June 30, 2020For the Year Ended June 30, 2020June 30, 2020

Debit

Credit
$ $
    Totals $ $

Solutions

Expert Solution


ekkarill92 answered 1 year ago
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