Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

busy bee cleaning services end of period spreadsheet for the year ended december 31 2022. Account Title Dr. Cr. Dr. Cr.Cash 75,000$ Accounts Receivable 160,000$

busy bee cleaning services end of period spreadsheet for the year ended december 31 2022. Account Title Dr. Cr. Dr. Cr.Cash 75,000$ Accounts Receivable 160,000$ a. $45,000Store Supplies 55,000$ b. $15,000Office Supplies 40,000$ c. $14,000Machine 100,000$ Accum.Depr- Machine 30,000$ d. $2,500Account Payable 62,000$ Taxes Payable 1,000$ g. $1,000Interest Payable 500$ h. $650Salaries & Wages Payable e. $55,000Unearned Rent 30,000$ f. $25,000Sam Deyro, Capital 369,000$ Sam Deyro, Drawing 15,000$ Service Revenue 326,000$ a. $45,000Rent Revenue 89,000$ f. $25,000Salaries & Wages Expense 350,000$ e. $55,000Utilitilies Expense 78,000$ Store Supplies Expense 9,000$ b. $15,000Office Supplies Expense 7,500$ c. $14,000Depr. Expense - Machine 9,000$ d. $2,500Tax Expense 6,000$ g. $1,000Interest Expense 3,000$ h. $650TOTAL 907,500$ 907,500$ INSTRUCTIONS:1. Prepare the Adjusted Trial Balance. (20 pts)2. Prepare the financial statements. (30 pts)3. Journalize the closing entries (16 pts)4. Prepare the Post-closing Trial balance (9 pts)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Tools for business decision making

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

6th Edition

978-1119191674, 047053477X, 111919167X, 978-0470534779

More Books

Students also viewed these Accounting questions