In: Accounting
DavidAdvertising Trial Balance December 31, 2014 |
|||
Account Title |
Dr. |
Cr. |
|
Cash |
$7,600 |
||
AccountsReceivable |
7,200 |
||
Supplies |
4,700 |
||
PrepaidInsurance |
3,600 |
||
Prepaid Rent |
2,400 |
||
Equipment |
24,000 |
||
Accumulateddepreciation-Equipment |
$6,500 |
||
Accounts Payable |
4,400 |
||
Notes Payable |
9,000 |
||
Unearned Revenue |
3,600 |
||
Share Capital |
20,000 |
||
Retained Earnings |
-0- |
||
Dividends |
2,500 |
||
Service Revenue |
14,000 |
||
Salaries Expense |
5,200 |
||
Utilities Expense |
300 |
||
$57,500 |
$57,500 |
$57500 |
After preparing the adjusting entries (given earlier), posting them and preparing an adjusted trial balance.
•Instructions, from the adjusted trial balance:
5. Prepare the closing entries at December 31, 2014.
6. Post the closing entries.
7. Prepare a post-closing trial balance