financial statement and adjustment info also make journal closing entries and post closing trial balance
Financial statements and Closing Entries Indian Student's immigration Company offers legal consulting advice to internation students in Canada Indian Student's Immigration Company prepared the end of -period spreadsheet that followiat Nine 30, 2021, the end of fiscal year 4 5 Indian Student's wration Company End of Period Spreadtheet for the Year Ended June 30, 2022 Unapata Talance Add to Balance She Account Title DE . Di CE DI ID: Cr 5.100 10 Carli 12 An excha Prp 22,723 3.000 2002 80,000 3,40,000 15 Last Mails 17 Aern. D. 1,00,000 1,40,000 54.450 9.750 Area. Depar. Tapi 20 Account Payable wurde 4,500 Indian Student's Immigration Company has to make adjustments in their accounts before to make any Financial Statements 1- 2. Students from Brampton, Ontario reveived consulting services of $3,750 from Indian Student's Immigration, these students have to bill yet. 2- 3- 4- 5- YWN Prepaid insurance of $ 1,300 have been expired by the end of this fiscal year. Office manager mentioned to the controller that $ 525 of supplies left out to be used. Office building depreciation expenses has been calculated $3,000 for this fiscal year. Office equipments depreciation expenses has been calculated $4,550 for this fiscal year. Two students joined the accounting department as bookkeepers about a week ago before the end of closing fiscal year. Their salaries of $ 1,900 are still due. Since salaries are payable every two weeks Immigration Company also rent parking space in Brampton. Next door law firm paid $4,500 in advance for three months on April 30th. 6- 7- Supplies 2.052 16 80,000 3.40,000 1,90,000 1,40.000 54 450 2. Accum. Dept. - Multing 10 Acupr. quia > Access Payable 21 and Rear > Comme Recladdaring Dividade 9,750 4,500 90.000 2.71,300 20.000 Fearned 2.80,000 Salaries Wages Advertising Expres es Espese Travel Expat Mhe. 1,45,100 86,800 30.000 18.750 5,875 0,00,000 9,00.000 Journals - Closing Entries No Date 2022, June 30 Accounts Title 1 Debit Codit (To Cloud revenue and expense accounts 2022, June 30 (To close didvidends) 1 D Indian Student's Immigration Company Post- Closing Trial Balance June 20,2022 Accounts Title Debit 4 S No Credit 6 7 7 8 9 10 11 12 13 14 15 16 17 18 19 Adjustment Info Journals Closing Entries Post-Closing Trial Balance Work Sheet & Financial Statemen Ready accessibility investigate D Prepaid Insurance Supplies 3,600 2,052 Land 80,000 Building 3,40,000 Accum. Depr.- Building 1,90,000 1,40,000 Equipment Accum. Depr.- Equipment Accounts Payable Unearned Rent 54,450 9,750 Common Stock 4,500 90,000 2,71,300 Retained Earnings Dividends 20,000 Fees Earned 2,80,000 Salaries & Wages Expense Advertisng Expense Utilities Expense 1,45,100 86,800 30,000 Travel Espease 18,750 Misc, espeas 5,875 9,00,000 9,00,000 Work Sheet & Financial Statemen SAC Adjustment into Journals Closing Entries Post-Closing Trial Balance Indian Student's immigration Company Endof-Period Spreadsheet For the Year Ended Rune 30, 2022 Unadjusted Twalance Add Trillane Incest Account Title DE DI IC CY 5,100 Di le Cash Dr CE Dr. Account Receive 22,723 3,600 Prepaid Inser Supplies 2.052 Land 80,000 3.40,000 1,90,000 1.40,000 Heilding Areum. Depr.-ing Acum. Depuis Accounts Payable Umeed Rent 54,450 9,750 4,500 90.000 Cuma Stark Metalad Tarvings 2,71,300 Davidels 20.000 Fees Part Work Sheet Statement Anno ROS Suppliers D 15 Led 2,052 80,000 3,40,000 1,90,000 1.40,000 54,450 9.750 4,500 16 Building 17 Accum. Depr. Biling 1 Yuipment 15 Arum. Der Equipment 20 Accounts Payable 21 neared Real 22 Common Stock 23 Retained Earnings Dividende > Fees Earned 26 Salaries & Wages Fuente 27 Advertisng Express 28 Cities Express 29 Travel Express 90,000 2,71,300 20,000 2,80,000 1,45,100 86,800 30,000 18,750 30 Stine, spise 5,875 9,00,000 131 9,00,000 32 Boost Test Por ren Page Layout from Dula Renew View G For the Year Ended lune 30, 2022 9 Unadstrand I 10 Account Title DE DE D DE D CY 11 Cash 12 Account Receivable Prepaid CT 5.100 22.723 3.600 2,052 Spl 80,000 3,40.000 1,00.000 1.40.000 54.450 15 Land Billig a rum. Depeeling AcumDeprimet 20 Accounts Payable 21 rared Real 22 Common Stock Retained in 9.750 4,500 90,000 2.71,300 20,000 bised 2.80,000 Ferred 1,45.100 RESE
