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B- The following is the adjusted trial balance as of December 31, 2019 of Rashed Photography: Credit Debit $3,400 17,000 200 15,000 Rashed Photography Adjusted
B- The following is the adjusted trial balance as of December 31, 2019 of Rashed Photography: Credit Debit $3,400 17,000 200 15,000 Rashed Photography Adjusted Trial Balance December 31, 2019 Account Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Unearned Revenue Common Stock Dividends Service Revenue Salaries Expense Supplies Expense Depreciation Expense-Equipment Total $4,000 2,400 1,600 1,200 6,800 4,600 80,000 48,000 4,600 3,200 $96.000 $96.000 Requirements: A. Journalize the closing entries for Rashed Photography (5 Marks). B. Prepare post-closing trial balance at December 31, 2019 (5Marks). C. Present the Assets section in a Classified Balance Sheet as on December 31, 2019 (5.5 Marks)
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