E F H - L M N 1 A Rocky Re, lac. Yorurkent Aditent Dr. Brf Cr Aliut TriBalas Dr. Cr. lacun Statement Dr. Cr. Balance Sheet Dr. Cr. 3 4 5 6 7 8 9 10 11 12 13 14 15 16 UsciuteTria Balac. Dr. Cr. Ref 91,540 60,830 104,000 1,500 146,000 1,600 21,000 190,000 47,000 17 180,000 18 19 20 21 22 23 24 25 26 27 28 29 Ass. Account Title 1010 Carh 1020 Carhin Savin v Account 1030 Account Receivable 1035 Allowance for Doubtful Account 1040 Merchandire Inventary 1050 Prepaldivurance 1060 Supplier 1510 Office Equipment 1515 Accum. Dopr..Office Equip. 1520 Land 1530 Building 1535 Accum. Depr.- BId 2010 Account Payable 2020 Wagor & Salarie Payablo 2030 Unearned Rent Revenue 2040 Interer Payablo 2050 Income Taxor Payablo 2500 Dividends Payablo 2700 Nater Payable 2800 Mortgage Notar Payable 3000 Common Stock 3800 Retained Earnin 3900 Dividende 4010 Salor Revenue 4100 Salo Return and Allowancar 4150 Salor Dur count 5010 Cart of Good Sold 6000 Wago & Salary Experte 6010 Inrurance Eupene 6020 Utilitier Eupene 6030 Supplier Expono 6040 Depreciation Expone-Bld. 6050 Depreciation Expen-Equip. 6060 Bad Debt Empere 7000 Interort Empere 7100 Interort Revenue 7150 Rent Revenue 9000 Income Tax Expono Total Not Income Total 11,500 21,000 0 6,000 O O 8,200 45,000 200,000 190,000 480,000 14,200 2,319,758 31 32 35 21,200 17,273 1,259,267 716,000 3,200 76,220 26,000 5,500 11,000 0 5,958 37 40 41 42 830 3,330,788 3,330 788 0 0 O 0 O 0 44 45 46 47 0 0 0 3,330,788 3,330,788 0 0 A A D E B Rocky Ram, Inc. Adjusting Journal Entries F Page 3 1 Credit Trans. AJ1 Account Name Depreciation Exp. - Building Accum. Depr. Expense - Building Acct. Ref. Number 6040 1535 Debit 500 500 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 AJ2 361 Depreciation Exp. - Equipment Accumulated Depr. - Office Equip. 6050 1515 361 AJ3 3,200 Insurance Expense Prepaid Insurance 6020 1050 3,200 AJ4 3,300 Supplies Supplies Expense 1060 6030 3,300 17 AJ5 Wages & Salaries Expense Wages & Salaries Payable 6000 2020 31,500 31,500 18 19 20 21 22 23 AJ6 2,000 Rent Revenue Cash 7150 1010 2,000 24 AJ7 1,463 Interest Revenue Notes Payable 7100 2700 1,463 AJ8 912 1020 2040 912 Cash in Savings Account Interest Payable Bad Debt Expense Allowance of Doubtful Accounts AJ9 25 26 27 28 29 30 31 32 33 34 35 36 37 11,500 6060 1035 11,500 AJ10 15000 Income Tax Expense Income Taxes Payable 9000 2050 15,000 A B D E 1 Rocky Ram, Inc. Income Statement For the Year Ended 12/31/20 2 3 4 5 6 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 Rocky Ram, Inc. Closing Journal Entries Page 4 Acct. Ref. Number Trans. Account Name Debit Credit 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 CI 1 Rocky Ram, Inc. Post Closing Trial Balance December 31, 2020 2 3 4 5 6 Acct# Account Name Debit Credit 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Nov.TB 61 | GL worksheet AJE Financials CJE PostTB Ratios + E F H - L M N 1 A Rocky Re, lac. Yorurkent Aditent Dr. Brf Cr Aliut TriBalas Dr. Cr. lacun Statement Dr. Cr. Balance Sheet Dr. Cr. 3 4 5 6 7 8 9 10 11 12 13 14 15 16 UsciuteTria Balac. Dr. Cr. Ref 91,540 60,830 104,000 1,500 146,000 1,600 21,000 190,000 47,000 17 180,000 18 19 20 21 22 23 24 25 26 27 28 29 Ass. Account Title 1010 Carh 1020 Carhin Savin v Account 1030 Account Receivable 1035 Allowance for Doubtful Account 1040 Merchandire Inventary 1050 Prepaldivurance 1060 Supplier 1510 Office Equipment 1515 Accum. Dopr..Office Equip. 1520 Land 1530 Building 1535 Accum. Depr.- BId 2010 Account Payable 2020 Wagor & Salarie Payablo 2030 Unearned Rent Revenue 2040 Interer Payablo 2050 Income Taxor Payablo 2500 Dividends Payablo 2700 Nater Payable 2800 Mortgage Notar Payable 3000 Common Stock 3800 Retained Earnin 3900 Dividende 4010 Salor Revenue 4100 Salo Return and Allowancar 4150 Salor Dur count 5010 Cart of Good Sold 6000 Wago & Salary Experte 6010 Inrurance Eupene 6020 Utilitier Eupene 6030 Supplier Expono 6040 Depreciation Expone-Bld. 6050 Depreciation Expen-Equip. 6060 Bad Debt Empere 7000 Interort Empere 7100 Interort Revenue 7150 Rent Revenue 9000 Income Tax Expono Total Not Income Total 11,500 21,000 0 6,000 O O 8,200 45,000 200,000 190,000 480,000 14,200 2,319,758 31 32 35 21,200 17,273 1,259,267 716,000 3,200 76,220 26,000 5,500 11,000 0 5,958 37 40 41 42 830 3,330,788 3,330 788 0 0 O 0 O 0 44 45 46 47 0 0 0 3,330,788 3,330,788 0 0 A A D E B Rocky Ram, Inc. Adjusting Journal Entries F Page 3 1 Credit Trans. AJ1 Account Name Depreciation Exp. - Building Accum. Depr. Expense - Building Acct. Ref. Number 6040 1535 Debit 500 500 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 AJ2 361 Depreciation Exp. - Equipment Accumulated Depr. - Office Equip. 6050 1515 361 AJ3 3,200 Insurance Expense Prepaid Insurance 6020 1050 3,200 AJ4 3,300 Supplies Supplies Expense 1060 6030 3,300 17 AJ5 Wages & Salaries Expense Wages & Salaries Payable 6000 2020 31,500 31,500 18 19 20 21 22 23 AJ6 2,000 Rent Revenue Cash 7150 1010 2,000 24 AJ7 1,463 Interest Revenue Notes Payable 7100 2700 1,463 AJ8 912 1020 2040 912 Cash in Savings Account Interest Payable Bad Debt Expense Allowance of Doubtful Accounts AJ9 25 26 27 28 29 30 31 32 33 34 35 36 37 11,500 6060 1035 11,500 AJ10 15000 Income Tax Expense Income Taxes Payable 9000 2050 15,000 A B D E 1 Rocky Ram, Inc. Income Statement For the Year Ended 12/31/20 2 3 4 5 6 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 Rocky Ram, Inc. Closing Journal Entries Page 4 Acct. Ref. Number Trans. Account Name Debit Credit 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 CI 1 Rocky Ram, Inc. Post Closing Trial Balance December 31, 2020 2 3 4 5 6 Acct# Account Name Debit Credit 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Nov.TB 61 | GL worksheet AJE Financials CJE PostTB Ratios +
