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Exercise 4-10 Entering data for closing entries and a post-closing trial balance LO P2, P3 The adjusted trial balance for Salon Marketing Co. follows. Complete
Exercise 4-10 Entering data for closing entries and a post-closing trial balance LO P2, P3 The adjusted trial balance for Salon Marketing Co. follows. Complete the four right-most columns of the table by (1) entering information for the four closing entries in the middle columns and (2) completing the post-closing trial balance columns Post-Closing Trial Balance Dr. Cr. No. Account Title 101 Cash 106 Accounts receivable 153 Equipment 154 Accumulated depreciation- Equipment 183 Land 201 Accounts payable 209 Salaries payable 233 Unearned fees 301 E. Salon, Capital 302 E. Salon, Withdrawals 401 Marketing fees earned 611 Depreciation expense- Equipment 622 | Salaries expense 640 Rent expense 677 Miscellaneous expense 901 Income summary SALON MARKETING CO. Work Sheet Adjusted Trial Closing Entry Balance Information Dr. Cr. Dr. Cr. $ 14,300 25,000 42,000 S 17,500 31.000 15,000 4,200 3,600 73.490 15,400 73,400 12,000 29.213 11,157 7,120 Totals $ S 187,190 187,190 S 0 $ 0 $ 0 $ 0
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