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all help appreciated Required information [The following information applies to the questions displayed below] Starbooks Corporation provides an online bookstore for electronic books. The following
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Required information [The following information applies to the questions displayed below] Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Assume the year ended on September 30, 2018. Accounts Payable $ 595 Accounts Receivable 295 Accumulated Depreciation 895 Cash 295 Common Stock 195 Deferred Revenue Depreciation Expense Equipment Income Tax Expense Interest Revenue Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent Rent Expense Retained Earnings Salaries and Wages Expense 195 295 3,195 295 95 195 495 95 395 1,495 2,195 6,185 Service Revenue Supplies Supplies Expense Travel Expense 495 195 2,595 Requirod: 1-a. Prepare an adjusted trial balance at September 30, 2018 STARBOOKS CORPORATION Adjusted Trial Balance Credit Debit Account Titles Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Deferred Revenue Notes Payable (short-term) Notes Payable (long-term) Common Stock Retained Earnings Service Revenue Interest Revenue Travel Expense Salaries and Wages Expense Rent Expense Depreciation Expense Supplies Expense Income Tax Expense Totals 1-b. Is the Retained Earnings balance of $1,495 the amount that would be reported on the balance sheet as of September 30, 2018? Yes NO Journal entry worksheet K 1 Record the closing entry required at September 30, 2018. Note: Enter debits before credits. Date General Jourmal Debit Credit Sep 30, 2018 Record entry Clear entry View general journal Required information STARBOOKS CORPORATION Post-closing Trial Balance Account Titles Debit Credit Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Deferred Revenue Notes Payable (short-term) Notes Payable (long-term) Common Stock Retained Earnings Service Revenue Interest Revenue Travel Expense Salaries and Wages Expense Rent Expense Depreciation Expense Supplies Expense Income Tax Expense TotalsStep by Step Solution
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