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entire exercise Cr. Exercise V. Garca Company adjusted trial balance as of the end of its annual accounting period is shown below: Garcia Company Adjusted
entire exercise Cr. Exercise V. Garca Company adjusted trial balance as of the end of its annual accounting period is shown below: Garcia Company Adjusted Trial Balance December 31 Dr. Cash $ 25,000 Accounts receivable 15,000 Office supplies 4,300 Office equipment 29,600 Accumulated depreciation Office equipment $5,000 Long-term notes payable 25,000 A. Garcia, Capital 30,260 A. Garcia, Withdrawals 1,000 Fees earned 75,000 Salaries expense 32,800 Rent expense 16.800 Depreciation expense-Office equipment 3,960 Advertising expense 4,000 Office supplies expense 2,800 Totals $135.260 $135.260 (a) Prepare the necessary closing entries. (b) Prepare a post-closing trial balance
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