A D F G H K Peyton Approved Post Closing Trial Balance Qtr. Ending 9/30/2018 Unadjusted Trial Balance Account Debit Credit Cash Baking Supplies Merchandise Inventory (FIFO) Prepaid Rent Prepaid Insurance Baking Equipment Accumulated Depreciation Office Supplies Accounts Receivable Accounts Payable Wages Payable Interest Payable Notes Payable Common Stock Retained Earnings FIFO Totals 3 4 5 27 09 30 Income Statement Statement of Retained Earnings Balance Sheet Closing Entries Post Closing Trial Balance Reversing Entries Ready Peyton Approved Closing Entries Qtr ending 9/30/2018 Debit Credit Date Accounts 30-Sep Bakery Sales Merchandise Sales Income Summary 43 6 7 30-Sep Income Summary (FIFO) Baking Supplies Expense Rent Expense Wages Expense Office Supplies Expense Business License Expense Misc. Expense Depreciation Expense Insurance Expense Advertising Expense Interest Expense Telephone Expense COGS FIFO 8 9 20 21 22 23 24 30-Sep Income Summary (FIFO) Retained Earnings FIFO 25 26 27 28 29 30-Sep Retained Earnings Dividends 30 Income Sfatement Statement of Retained Earnings Balance Sheet Closing Entries Post Closing Trial Balance Reversing Entries Adjusting entries Debit Credit 17,400.00 Sep Unadjusted TB Debit Credit 32,236.75 18,500.00 175.65 1,500.00 2,400.00 6,000.00 400.00 250.00 550.00 600.00 7,700.00 10,000.00 150.00 5,000.00 480.00 16,000.00 Peyton Approved Account Names Cash Baking Supplies Merchandise Inventory (FIFO) Prepaid Rent Prepaid Insurance Baking Equipment Accumulated Depreciation Office Supplies Accounts Receivable Notes Payable Interest Payable Accounts Payable Wages Payable Common Stock Dividends Bakery Sales Merchandise Sales Baking Supplies expense Rent expense Interest expense Insurance expense Depreciation expense Misc. expense Office Supplies expense Business License expense Advertising expense Wages expense Telephone expense Cost of goods sold (FIFO) Totals Sep Adjusted TB Debit Credit 32,236.75 1,100.00 175.65 1,500.00 2,000.00 6,000.00 250.00 50.00 7,700.00 10,000.00 150.00 5,000.00 480.00 16,000.00 10,000.00 55,000.00 221.00 17,400.00 4,500.00 150.00 400.00 250.00 250.00 550.00 375.00 200.00 1,956.00 150.00 157.60 87,101.00 87,101.00 10,000.00 55,000.00 221.00 17,400.00 4,500.00 150.00 400.00 250.00 250.00 550.00 375.00 200.00 1,956.00 150.00 157.60 86,701.00 86,701.00 18,750.00 18,750.00