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can someone do this on msword and then post here . i am having confusion with typing. its urgent with proper tables inserted on the
can someone do this on msword and then post here . i am having confusion with typing. its urgent with proper tables inserted on the slides.
At March 31, 2021, account balances after adjustments for Maddux Cinema are as follows: Account Balances Accounts (After Adjustment) Cash $ 6,000 Concession supplies. 4,000 Theatre equipment. 50,000 Accumulated depreciationtheatre equipment. 12,000 Accounts payable 5,000 N. Maddux, capital. 20,000 N. Maddux, drawings.. 12,000 Admission ticket revenues 60,000 Popcorn revenues 37,000 Candy revenues 19,000 Advertising expense 12,000 Concession supplies expense 19,000 Depreciation expense... 4,000 Film rental expense 16,000 Rent expense 12,000 Salaries expense 13,000 Utilities expense 5,000 Required: a) Prepare the closing journal entries for Maddux Cinema. b) Prepare a post-closing trial balance. The trial balances of Grant Company follow with the accounts arranged in alphabetic order: Trial Balances Unadjusted Adjusted Post-Closing Accounts Payable... $10,000 $10,000 $10,000 Accounts Receivable. 2,200 3,200 3,200 13,000 Accumulated Depreciation equipment .17,00017,000 Advertising Expense. 0 11,300 0 Cash 60,000 60,000 60,000 Depreciation Expense.... 0 4,000 0 Equipment... 75,000 75,000 75,000 F. Grant, Capital 82,200 82,200 102,400 F. Grant, Drawings. 16,000 16,000 0 Prepaid Advertising. 12,800 1,500 1,500 Prepaid Rent.. 15,000 11,000 11,000 Rent Expense. 0 4,000 0 Service Revenue 96,000 105,000 0 Supplies.. 3,200 700 700 Supplies Expense. 2,000 4,500 0 Unearned Revenue... 23,000 15,000 15,000 Wages Expense...... 38,000 45,000 0 Wages Payable.. 0 7,000 7,000 Required: Analyze the data and prepare a) the adjusting entries and b) the closing entries made by Grant CompanyStep by Step Solution
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