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COMPLETION OF THE ACCOUNTING CYCLE Task #4 Using the adjusted trial balance below: (a) (b) (c) (d) Prepare an income statement, statement of owner's equity
COMPLETION OF THE ACCOUNTING CYCLE
Task #4
Using the adjusted trial balance below:
(a)
(b)
(c)
(d)
Prepare an income statement, statement of owner's equity and classified balance sheet.
Prepare the closing entries
Post to Capital and the Income Summary accounts
Prepare a post-closing trial balance
JUAREZ'S D.J. ON DEMAND
Adjusted Trial Balance
For the Month Ended July 31, 2021
Account Tities
Cash
Accounts Receivable
Equipment
Accum. Depreciation
Accounts Pavable
Unearned Rent Revenue
Capital
Withdrawals
Service Revenue
Rent Revenue
Depreciation Expense
Salaries Expense
Unity Expense
Dr.
43.880
1.600
10.500
Cr.
200
1.580
520
2,700
31.700
53.890
2.690
290
32.300
4.310
93.080
93.080
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