Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

8-3 APPLICATION PROBLEM Preparing a post-closing trial balance Use the general ledger accounts for Len's Laundry below. A form to complete a post-closing trial balance

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

8-3 APPLICATION PROBLEM Preparing a post-closing trial balance Use the general ledger accounts for Len's Laundry below. A form to complete a post-closing trial balance is given below Prepare a post-closing trial balance for Len's Laundry on April 30 of the current year. NOCOUNT Cash OCOUNT NO 110 c Accounts Receivable Natasha Goodlad Apr 30 Balance Apr 30 Balance c Accounts Receivable-R. Henry MOCOUNT NO 140 ies GCOUNT NO 150 EALANG ApT.30 Balance Apr 30 Balance G12 45 010 1431| AOCOUNT NO 160 COUNT Accounts Payable Tri-County Supplies ACCOUNT NO. 210 AGCOUNT Prepaid Insurance RALANGE Apr 30 Balance pr 30 Balance C12 AcouN Accounts Payable-West End Co. ACCOUNT NO. 220 ACCOUNT Leonard I Capital ACCOUNT NO. 310 CREDIT Balance Apr. 30 Balance G12 G121 T10110100 7 3 30 0l0 Dra ACCOUNT NO. 320 ACCOUNT Income Summ ACCOUNT NO. Apr. 30 30 G12 G12 G12 3260 G12 ACCOUNT Sales ACCOUNT NO. 410 ocouNr Advertising Expense AOCOUNT Na 510 Apr.1301 Balance G12| 62|33 G12 ocouser Insurance E MOCOUNT NO 520 ACCOUNT Miscellaneous Ex A COT No. 530 BALANCE Apr G12 Balance 30 G12 200 G12 lies ACCOUNT NG 540 AOCONT Utilities Ex ACCOUNT No 550 G12 100000 G12 326 000 G12 297300 ccouxr Sales ACCOUNT NO. 410 ocouNT Advertising Expense OCOUN Na 510 RALANCE Apr. 30 Balance 623300 pr. 30Balance 623300 30 G12 30 G12 8oo Insurance Expense AOCOUNT NO 520 NT Miscellaneous Expense AOCOUNT OCOUNT NO 530 CRENT pr. 30 30 01211 121010|0 | G12 Apr|30|Balance 2000 30 G12 3150 OCOU Supplies Expense ACCOUNT No 540 NOCOUNT NO 550 ITEM G12 5 0 Balance . 30 30 Apr. 30 5 G12 45 0 G12

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Sawyers Internal Auditing Enhancing And Protecting Organizational Value

Authors: The Internal Audit Foundation

7th Edition

1634540522, 9781634540520

More Books

Students also viewed these Accounting questions

Question

Organizing Your Speech Points

Answered: 1 week ago