Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Credit QUESTION Roadster Tune Center, Inc. Adjusted Trial Balance June 30, 2019 Debit 21,200 38,900 14,300 1,800 32,600 26,800 42,800 10,800 28,300 Account Cash Accounts
Credit QUESTION Roadster Tune Center, Inc. Adjusted Trial Balance June 30, 2019 Debit 21,200 38,900 14,300 1,800 32,600 26,800 42,800 10,800 28,300 Account Cash Accounts receivable Supplies Prepaid insurance Equipment Acc.dep:equipment Building Acc.dep:building Land Accounts payable Notes payable Interest payable Wages payable Uneraned service revenue Capital stock Retained earnings Dividends Service revenue Dep. expense: equipment Dep. expense: building Wages expense Insurance expense Interest expense Utilities expense Advertising expense Supplies expense Total 22,700 22,400 100 200 5,600 79,100 4,200 26,100 600 300 3,400 500 100 1,100 400 3,300 193,800 193,800 Required: a. Prepare the financial statements. b. Prepare (journalize) the closing entries. c. Prepare the after-closing trial balance. Roadster Tune Center, Inc. Income Statement Roadster Tune Center, Inc. Statement of Retained Earnings Roadster Tune Center, Inc. Balance Sheet June 30, 2019 Roadster Tune Center, Inc. Balance Sheet June 30, 2019 Date Account titles Dr Date Account titles Dr Cr Roadster Tune Center, Inc. After-closing Trial Balance Account Debit Credit
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started