The trial balance of Large Company, Inc. at the end of its annual accounting period is...

The trial balance of Large Company, Inc. at the end of its annual accounting period is as follows:

LARGE COMPANY, INC. Trial Balance December 31, 2017

Cash.......................................................................	$ 6,000
Prepaid Insurance.................................................	1,600
Supplies ...............................................................	2,100
Equipment ............................................................	20,000
Accumulated Depreciation—Equipment..............		$ 2,000
Retained Earnings ...............................................		19,000
...............................................................................
Revenue.................................................................		33,000
Salaries Expense...................................................	18,300
Rent Expense .......................................................	6,000	______
Totals.....................................................................	$54,000	$54,000

Additional information:

Expired insurance, $600.
Unused supplies, per inventory, $800.
Estimated depreciation, $1,000.
Earned but unpaid salaries, $700

Required

Prepare adjusting entries.
Prepare adjusted Trial Balance
Prepare an Income Statement
Prepare a Retained Earnings Statement
Prepare closing entries.

Prepare a post-closing trial balance

Solutions

Expert Solution

hey learner! if you have any doubt regarding this answer, feel free to ask me.

this is the answers of all the six parts given in the question

ekkarill92 answered 1 year ago

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