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1 . Prepare adjusted trial balance 2 . Prepare income statement, statement of owner's equity, and balance sheet. 3 . Prepare the post - closing

1.Prepare adjusted trial balance 2.Prepare income statement, statement of owner's equity, and balance sheet. 3. Prepare the post-closing trial balance for October 31,2023
Comprehensive Problem Aug 2023 Target: Chart of Accounts
11 Cash
12 Accounts Receivable
14 Supplies
15 Prepaid Rent
16 Prepaid Insurance
18 Office Equipment
19 Accumulated Depreciation
21 Accounts Payable
22 Salaries Payable
23 Unearned Fees
31 Target, Capital
32 Target, Drawing
41 Fees Earned
51 Salary Expense
52 Rent Expense
53 Supplies Expense
54 Depreciation Expense
55 Insurance Expense
59 Miscellaneous Expense
Comprehensive Problem
Target Co.
Post Closing Trial Balance
September 30,2023
\begin{tabular}{lrr}
Cash & 21,300 & \\
Acco
Comprehensive Problem
Aug 2023 Target had the following transactions occurred in October 2023:
Oct 1 Received $8,800 cash for fees earned for jobs completed.
1 Received cash from clients on account, $1,250.
2 Paid three months rent on a lease on storage unit, $5,400.
2 Paid September electricity bill, $775.
5 Purchased supplies on account, $3,250.
6 Paid $1,600 technician salary, including the amount owed at the end of September.
8 Billed customers for services provided on account $9,200.
9 Paid $3,000 on account.
10 Paid cash for advertising $350.
12 Received cash from customers as an advance payment for services to be provided in the future and recorded as unearned fees, $8,000.
14 Received cash from customers on account, $2,500.
17 Paid cash for supplies, $275.
19 Billed customers for services provided on account, $5,800
20 Paid technician salary, $1,600.
24 Received $22,500 cash for fees earned for jobs completed.
25 Paid phone bill for the month, $620.
26 Received cash from customers on account, $12,000.
28 Billed customers for services provided on account, $9,750.
31 T. Arget withdrew $4,500 for personal use.
31 Purchased new office equipment for $6,400 paying $1,400 cash and the remainder on account.
Adjusting Entries:
31 Supplies on hand were $2,000
31 Rent expired during the month $1,800
31Unearned fees at the end of the month was $2,500
31 Insurance expired during the month was $450
31 Accrued salaries payable were $320
31 Depreciationg on equipment during the month was $475

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