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 T. Arget, Capital

32 T. Arget, Drawing

41 Fees Earned

51 Salary Expense

52 Rent Expense

53 Supplies Expense

54 Depreciation Expense

55 Insurance Expense

59 Miscellaneous Expense

Target Company

Post Closing Trial Balance

September 30, 2023

DEBIT CREDIT

Cash 24,600

Accounts Receivable 5,200

Supplies 1,750

Prepaid Rent 3,400

Prepaid Insurance 1,600

Office Equipment 12,500

Accumulated Depreciation 425

Accounts Payable 500

Salaries Payable 400

Unearned Fees 500

T. Arget, Capital 47,225

49,050 49,050

Target Company had the following transactions occur in October 2023:

Oct 1 Received $9,800 cash for fees earned for jobs completed.

2 Paid September electricity bill, $675.

5 Purchased supplies on account, $3,250.

7 Paid $1,600 technician salary, including the amount owed at the end of September.

8 Billed customers for services provided on account $8,200.

9 Paid $3,500 on account.

12 Received cash from customers as an advance payment for tech support services to be provided in the future, $8,000.

14 Received cash from customers on account, $12,000.

19 Billed customers for services provided on account, $7,800

21 Paid technician salary, $1,600.

31 T. Arget withdrew $5,000 for personal use.

Explanation: Salary expense =1600400=1200 COMPREHENSIVE PROBLEM 1, Continued COMPREHENSIVE PROBLEM 1, Continued COMPREHENSIVE PROBLEM 1, Concluded 9. JOURNAL 10. Post-Closing Trial Balance