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In: Accounting

The adjusted trial balance for Cowboy Company follows: Cowboy Company Adjusted Trial Balance December 31, 2019...

The adjusted trial balance for Cowboy Company follows:

Cowboy Company
Adjusted Trial Balance
December 31, 2019
ACCOUNT NAME DEBIT CREDIT
Cash       101,100
Accounts Receivable           5,000
Prepaid Rent           2,200
Building       120,000
Accumulated Depreciation - Building         80,000
Accounts Payable           3,000
Salaries Payable           5,600
Interest Payable           4,500
Unearned Revenue           9,500
Notes Payable         50,000
Cowboy, Capital         70,000
Cowboy, Withdrawals         30,000
Fees Earned       115,000
Wages Expense         40,000
Rent Expense         26,400
Supplies Expense           5,200
Utilities Expense           2,400
Depreciation Expense           5,000
Interest Expense             300
  
     Totals 337,600 337,600

Prepare the closing journal entries & post-closing trial balance for Cowboy Company in good form.

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ekkarill92 answered 1 year ago
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