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A completed worksheet for The King Group is given below. Account Name Cash Accounts Receivable Supplies Prepaid Advertising Equipment Accumulated Depreciation -Equipment Accounts Payable Delva
A completed worksheet for The King Group is given below. Account Name Cash Accounts Receivable Supplies Prepaid Advertising Equipment Accumulated Depreciation -Equipment Accounts Payable Delva King, Capital Delva King, Drawing Fees Income Supplies Expense Advertising Expense Depreciation Expense- Equipment Salaries Expense Utilities Expense Totals Net Income The King Group Worksheet Month Ended December 31, 2019 Trial Balance Adjustments Adjusted Trial Income Balance Statement Balance Sheet Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit 93,400 93,489 93,480 13,000 13,089 13,eee 8,000 (a) 3,480 4,660 4,60 -32,000 (b) 4,689 28,089 28,eee 85,000 85, eee 85,eee (c) 3,480 3,489 3,480 13,000 13,899 13,000 142, eee 142,080 142,eee 9,400 9,489 9,480 103,500 103,5ee 103,500 (a) 3,480 3,400 3,40e (b) 4,000 4,000 4,eee (c) 3,400 3,480 3,400 15,400 15,400 15,400 2,300 2,300 2,300 258,508 258,588 10,888 10,690 261,900 28,500 103,59 233,400 158,400 75, eee 75,000 103,500 103,500 233,400 233,400 261,96 lequired: 1. Record the adjusting entries in the general journal (transactions 1-3). 2. Record the closing entries in the general journal (transactions 4-7). 3. Post the adjusting entries and the closing entries to the general ledger accounts. Hint: Be sure to enter beginning balances 4. Prepare a post-closing trial balance. nalyze: low many accounts are listed in the adjusted and post-closing trial balance section? Complete this question by entering your answers in the tabs below. Req 1 and 2 | Reg 3 I Reg 4 Analyze Record the adjusting entries and the closing entries in the general journal. View transaction list Journal entry worksheet Record the adjusting entry for supplies. Note: Enter debits before credits Date General Journal Debit Credit Dec 31, 2019 Record entry Clear entry View general journal Reg 3 > View transaction list Journal entry worksheet Analyze Record the adjusting entries and the closing entries in the general journal. View transaction list Journal entry worksheet 4 5 6 Record the adjusting entry for advertising. Note: Enter debits before credits. Date Dec 31, 2019 General Journal Debit Credit Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Reg 4 Analyze Record the adjusting entries and the closing entries in the general journal. View transaction list Journal entry worksheet Req 1 and 2 Req3 Analyze Reg 4 Record the adjusting entries and the closing entries in the general journal. View transaction list Journal entry worksheet Record the closing entry for the balance of income summary. Note: Enter debits before credits Date General Journal Debit Credit Dec 31, 2019 Record entry Clear entry View general journal YULIT Dy entering your answers in the tabs below Req 1 and 2 Reg 3 Reg 4 Analyze Record the adjusting entries and the closing entries in the general Journal. View transaction list Journal entry worksheet Post the adjusting entries and the closing entries to the general ledger accounts, Hint u re to enter beginning balances. Account No 131 Account No: 121 Credit Balance Credit Balance Supplies Date Debit Dec 31, 2019 Dec 31, 2019 Prepaid Advertising Date Debit Dec 31, 2019 Dec 31, 2019 Accumulated Depreciation Equipment Date Debit Dec 31, 2019 Account No: 142 Credit Balance Account No: 301 Credit Balance Date Delva King, Capital Debit Dec 31, 2019 Dec 31, 2019 Dec 31, 2019 Income Sum Account No: 302 Credit Balance Account No: 309 Credit Balance Date Debit Delya King Drawing Date Debit Dec 31, 2019 Dec 31, 2019 Dec 31, 2019 Dec 31, 2019 Dec 31, 2019 Fees Income Date Debit Account No: 401 Credit Balance Account No: 511 redit Balance C Salaries Expense Date Debi Dec 31, 2019 Dec 31, 2019 Dec 31, 2019 Dec 31, 2019 . Account No: 514 Credit Balance Account No: 517 Credit Balance Date Utilities Expense Date Debit Dec 31, 2019 Dec 31, 2019 Supplies Expense Debit Dec 31, 2019 Dec 31, 2019 Account No: 523 Depreciation Expense Equipment Date Debit Dec 31, 2019 Dec 31, 2019 Account No: 526 Credit Balance Credit Balance Advertising Expense Date Debit Dec 31, 2019 Dec 31, 2019 Prev 1 of 2 Req 1 and 2 Req 3 Reg 4 Analyze Prepare a post-closing trial balance. THE KING GROUP Post-closing Trial Balance December 31, 2019 Account Name Debit Credit Totals $ 0 S 0 wuss y Lou CIUSI CILICS LU LIL UCILIULICY UCCOULD. 4. Prepare a post-closing trial balance. Analyze: How many accounts are listed in the adjusted and post-closing trial balance section? Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Analyze How many accounts are listed in the adjusted and post-closing trial balance section? Adjusted trial balance Post-closing trial balance accounts accounts
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