Question

In: Accounting

DavidAdvertising Trial Balance December 31, 2014 Account Title Dr. Cr. Cash $7,600 AccountsReceivable 7,200 Supplies 4,700...

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

Solutions

Expert Solution

ekkarill92 answered 2 years ago
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