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Exercise 4-07 a-b (Video) Ivanhoe Company had the following adjusted trial balance. Ivanhoe Company Adjusted Trial Balance For the Month Ended June 30, 2020 Adjusted

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Exercise 4-07 a-b (Video) Ivanhoe Company had the following adjusted trial balance. Ivanhoe Company Adjusted Trial Balance For the Month Ended June 30, 2020 Adjusted Trial Balance Account Titles Debit Credit Cash $3,670 Accounts Receivable 3,790 Supplies 510 Accounts Payable $2,000 Unearned Service Revenue 140 Owner's Capital 4,100 Owner's Drawings 750 Service Revenue 5,350 Salaries and Wages Expense 1,300 Miscellaneous Expense 250 Supplies Expense 1,830 Salaries and Wages Payable 510 $12,100 $12,100 Prepare closing entries at June 30, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit No. Account Titles and Explanation Come CALCULATOS Prepare closing entries at June 30, 2020. (Credit account titles are automatically Indented when amount is entered. Do not Indent manually.) No. Account Titles and Explanation Debit Credit 1. (To close revenue account) 2. (To close expense accounts) 3. (To close net income / (loss)) 4. (To close drawings) IVANHOE COMPANY Post-Closing Trial Balance Debit Credit 12 Totals Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: SIMILA Exercise 4-14 a The adjusted trial balance for Sunland Bowling Alley at December 31, 2020, contains the following accounts Debits Buildings Accounts Receivable Prepaid Insurance Cash Equipment Land Insurance Expense Depreciation Expense Interest Expense Credits $127,700 Owner's Capital 14,100 Accumulated Depreciation-Buildings 4,100 Accounts Payable 19,200 Notes Payable 61,400 Accumulated Depreciation Equipment 67,200 Interest Payable 800 Service Revenue 6,500 2,000 $303,000 $114,700 42,000 11.500 97,200 17,300 2,500 17,800 $300,000 Prepare a classified balance sheet; assume that $29,400 of the note payable will be paid in 2021. (List Current Assets in order of liquidity. List Property, Prant and Equipment in order of Land, Buildings and Equipment.) SUNLAND BOWLING ALLEY Balance Sheet Assets SUNLAND BOWLING ALLEY Balance Sheet Assets > $ Liabilities and Owner's Equity Liabilities and Cumar's Equity Click if you would like to Show Work for this question: Open Show Work

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