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Comprehensive Problem 1 Part 10: The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refer to
Comprehensive Problem 1 Part 10:
The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refer to the objectives for each chapter covered as a review of the concepts.
Note: You must complete parts 1, 2, 3, 4, 6, 7, 8 and 9 before completing part 10. Part 5 is optional.
Prepare a post-closing trial balance. If an amount box does not require an entry, leave it blank.
Kelly Consulting Post-Closing Trial Balance May 31, 20Y8 Account Title Debit Balances Credit Balances Accounts PayableAccumulated DepreciationCashCommon StockSalary Expense fill in the blank 2 fill in the blank 3 Accounts PayableAccounts ReceivableAccumulated DepreciationRent ExpenseSalaries Payable fill in the blank 5 fill in the blank 6 Fees EarnedMiscellaneous ExpenseSuppliesSupplies ExpenseUnearned Fees fill in the blank 8 fill in the blank 9 Accumulated DepreciationCommon StockPrepaid RentRent ExpenseSalaries Payable fill in the blank 11 fill in the blank 12 Accounts PayableCommon StockInsurance ExpensePrepaid InsuranceUnearned Fees fill in the blank 14 fill in the blank 15 Accumulated DepreciationCommon StockOffice EquipmentSalaries PayableSupplies Expense fill in the blank 17 fill in the blank 18 Accounts ReceivableAccumulated DepreciationCashDepreciation ExpenseOffice Equipment fill in the blank 20 fill in the blank 21 Accounts PayableCashCommon StockOffice EquipmentRent Expense fill in the blank 23 fill in the blank 24 Accounts ReceivableFees EarnedOffice EquipmentSalaries PayableSalary Expense fill in the blank 26 fill in the blank 27 CashFees EarnedMiscellaneous ExpenseOffice EquipmentUnearned Fees fill in the blank 29 fill in the blank 30 Accounts PayableCommon StockInsurance ExpenseOffice EquipmentPrepaid Rent fill in the blank 32 fill in the blank 33 Accounts PayableInsurance ExpenseOffice EquipmentPrepaid RentRetained Earnings fill in the blank 35 fill in the blank 36 Total fill in the blank 37 fill in the blank 38
Comprehensive Problem 1 Part 10:
The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refer to the objectives for each chapter covered as a review of the concepts.
Note: You must complete parts 1, 2, 3, 4, 6, 7, 8 and 9 before completing part 10. Part 5 is optional.
Prepare a post-closing trial balance. If an amount box does not require an entry, leave it blank.
Account Title | Debit Balances | Credit Balances |
---|---|---|
Accounts PayableAccumulated DepreciationCashCommon StockSalary Expense | fill in the blank 2 | fill in the blank 3 |
Accounts PayableAccounts ReceivableAccumulated DepreciationRent ExpenseSalaries Payable | fill in the blank 5 | fill in the blank 6 |
Fees EarnedMiscellaneous ExpenseSuppliesSupplies ExpenseUnearned Fees | fill in the blank 8 | fill in the blank 9 |
Accumulated DepreciationCommon StockPrepaid RentRent ExpenseSalaries Payable | fill in the blank 11 | fill in the blank 12 |
Accounts PayableCommon StockInsurance ExpensePrepaid InsuranceUnearned Fees | fill in the blank 14 | fill in the blank 15 |
Accumulated DepreciationCommon StockOffice EquipmentSalaries PayableSupplies Expense | fill in the blank 17 | fill in the blank 18 |
Accounts ReceivableAccumulated DepreciationCashDepreciation ExpenseOffice Equipment | fill in the blank 20 | fill in the blank 21 |
Accounts PayableCashCommon StockOffice EquipmentRent Expense | fill in the blank 23 | fill in the blank 24 |
Accounts ReceivableFees EarnedOffice EquipmentSalaries PayableSalary Expense | fill in the blank 26 | fill in the blank 27 |
CashFees EarnedMiscellaneous ExpenseOffice EquipmentUnearned Fees | fill in the blank 29 | fill in the blank 30 |
Accounts PayableCommon StockInsurance ExpenseOffice EquipmentPrepaid Rent | fill in the blank 32 | fill in the blank 33 |
Accounts PayableInsurance ExpenseOffice EquipmentPrepaid RentRetained Earnings | fill in the blank 35 | fill in the blank 36 |
Total | fill in the blank 37 | fill in the blank 38 |
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