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disregard. ning Problems Saved On December 31, 2019, the ledger of Lopez Company contained the following account balances: $ Cash Accounts Receivable Supplies Equipment Accumulated
disregard.
ning Problems Saved On December 31, 2019, the ledger of Lopez Company contained the following account balances: $ Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Maria Lopez, Capital 66,000 Maria Lopez, Drawing 5,800 Fees Income 4,200 Depreciation Expense 52,000 Salaries Expense 5,000 Supplies Expense 6,000 Telephone Expense 121,500 Utilities Expense $ 52,000 107,500 5,500 34,000 6,000 5,200 9,300 All the accounts have normal balances. Show less A Requirement General Journal General Ledger Trial balance Income Statement Statement of Balance Sheet Post Closing Equity (37% of available points) - For each account listed below, indicate whether the account is closed (either to income summary or directly to capital), or not closed. Post closing - Adjusted Trial Balance Closed? Post-closing Trial Balance Cash Accounts receivable $ 66,000 5.800 Prev 1 of 3 !!! Next > Debit Credit $12,000 18,000 7,340 28,000 45,800 Account Cash Accounts receivable Supplies Prepaid rent Office equipment Accumulated depreciation Accounts payable Gloria Johnson, Capital Gloria Johnson, Drawing Fees income Salaries expense Telephone expense Travel expense Utilities expense Total $9,160 $15,000 $33,960 22,000 $200,000 99,000 2,700 20,780 2,500 $258,120 $258,120 Consumer Research Associates, owned by Gloria Johnson, is retained by large companies to test consumer reaction to new products. On January 31, 2019, the firm's worksheet showed the following adjustments data: (a) supplies used, $4,680; (b) expired rent, $20,000; and (c) depreciation on office equipment, $9,160. Show less Step by Step Solution
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