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Exercise 4-07 a-b (Video) Riverbed Company had the following adjusted trial balance. Riverbed Company Adjusted Trial Balance June 30, 2020 Adjusted Trial Balance Account Titles
Exercise 4-07 a-b (Video) Riverbed Company had the following adjusted trial balance. Riverbed Company Adjusted Trial Balance June 30, 2020 Adjusted Trial Balance Account Titles Debit Credit Cash $3,620 Accounts Receivable 3,930 Supplies 480 Accounts Payable $1,500 Unearned Service Revenue 110 Common Stock 4,500 Retained Earnings 680 Dividends 710 Service Revenue 5,390 Salaries and Wages Expense 1,500 Miscellaneous Expense 380 Supplies Expense 1,960 Salaries and Wages Payable 400 $12,580 $ 12,580 Prepare closing entries at June 30, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit June 30 (To close revenue account) June 30 (To close expense accounts) June 30 (To close net income / (loss)) June 30 (To close dividends) Prepare a post-closing trial balance. Riverbed Company Post-Closing Trial Balance Debit Credit Totals Exercise 4-07 a-b (Video) Riverbed Company had the following adjusted trial balance. Riverbed Company Adjusted Trial Balance June 30, 2020 Adjusted Trial Balance Account Titles Debit Credit Cash $3,620 Accounts Receivable 3,930 Supplies 480 Accounts Payable $1,500 Unearned Service Revenue 110 Common Stock 4,500 Retained Earnings 680 Dividends 710 Service Revenue 5,390 Salaries and Wages Expense 1,500 Miscellaneous Expense 380 Supplies Expense 1,960 Salaries and Wages Payable 400 $12,580 $ 12,580 Prepare closing entries at June 30, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit June 30 (To close revenue account) June 30 (To close expense accounts) June 30 (To close net income / (loss)) June 30 (To close dividends) Prepare a post-closing trial balance. Riverbed Company Post-Closing Trial Balance Debit Credit Totals
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