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At the end of its fi rst month of operations, Pampered Pet Service has the following unadjusted trial balance Other Data: 1. Insurance expires at
At the end of its fi rst month of operations, Pampered Pet Service has the following unadjusted trial balance Other Data: 1. Insurance expires at the rate of $200 per month 2. $1,000 of supplies are on hand at August 31 3. Monthly depreciation on the equipment is $900 4. Interest of $500 on the notes payable has accrued during August Instruccions: a) Prepare a worksheet b) Prepare a Adjusting Trial Balance c) Prepare a classified Balance Sheet assuming $35,000 of the notes payable are long term d) Journalize the closing entries e) Prepare a post closing trial balance
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