Question 2 Alliance Property Services Corporation Unadjusted Trial Balance For the Year ended November 30, 2012...

Question 2

Alliance Property Services Corporation

Unadjusted Trial Balance

For the Year ended November 30, 2012

	DR ($)	Cr ($)
Cash	240
Accounts Receivable	1800
Supplies	160
Prepaid Insurance	240
Land	3,800
Equipment	1,000
Accum. Depr. – Equipment		80
Accounts payable		720
Wages payable
A.S. Capital		5,200
A.S. Drawings	160
Fees Earned		4,000
Wages expense	2,200
Rent expense	240
Insurance expense
Utilities expense	120
Supplies expense
Depreciation expense
Miscellaneous	40
	10,000	10,000

Prepare the Adjusting Journal Entries using the following information:

Fees earned but not yet billed, $260
Supplies on hand, $80
Insurance premiums expired, $200
Depreciation for the year, $60
Wages accrued but not paid, $20

prepare:

Adjusting Entries

Prepare the Adjusted Trial Balance in proper format

Prepare the Income Statement

Statement of Owner’s Equity

Closing Entries

Post-Closing Trial Balance

Thanks

Solutions

Expert Solution

Adjusting Entries:

Adjusted Trial Balance:

Income Statement and Statement of Owners Equity:

Balance Sheet:

Post Closing Trial Balance:

ekkarill92 answered 1 year ago

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