Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 12, 2021

From the following accounts, prepare in proper form a post closing trial balance for Pinsky Company on December 31, 2009 Accounts Receivable $2,000 Accounts Payable

From the following accounts, prepare in proper form a post closing trial balance for Pinsky Company on December 31, 2009

Accounts Receivable $2,000

Accounts Payable 2,000

Cash 1,000

Salaries Payable 1,200

Supplies 300

Prepaid Insurance 2,000

R. Pinsky, Capital 2,300

Step by Step Solution

★★★★★

3.38 Rating (157 Votes )

There are 3 Steps involved in it

Step: 1

Particulars Debit Credit Accounts rec... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Document Format ( 2 attachments)

6367c5cf04687_241500.pdf

180 KBs PDF File

6367c5cf04687_241500.docx

120 KBs Word File

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Accounting A Practical Approach Chapters 1-25

Authors: Jeffrey Slater

13th Edition

0133791009, 978-0133791006

More Books

Students also viewed these Accounting questions

Question

★★★★★

From the following data, prepare in proper form an income statement showing departmental gross profit (assume a 30% tax rate) for Accelerated Stop for the year ended December 31, 201X. Cash...

Answered: 1 week ago

Question

★★★★★

From the following data, prepare in proper form an income statement showing departmental gross profit (assume a 30% tax rate) for Accelerated Stop for the year ended December 31, 201X: Cash...

Answered: 1 week ago

Question

★★★★★

From the following, prepare in proper form a statement of retained earnings for Donald Company for the year ended December 31,2012. Prior period adjustment: increase in recording expense for Land in...

Answered: 1 week ago

Question

★★★★★

Posting the entries from the sales journal to the accounts receivable subsidiary ledger should be done ______. a). at the end of each month b). on a weekly basis c). on a daily basis d). only at the...

Answered: 1 week ago

Question

★★★★★

The survey of Chase and Dummer (1992) discussed in Exercise 1 of Sec. 10.3 was actually collected by sampling from three subpopulations according to the locations of the schools: rural, suburban, and...

Answered: 1 week ago

Question

★★★★★

If possible, write the given general equation of a circle in standard form by completing the square, and identify the center and radius. Graph the circle. x + 6x + y = 2y + 3 = 0

Answered: 1 week ago

Question

★★★★★

Has the researcher matched the purposes and questions to appropriate methods?

Answered: 1 week ago

Question

★★★★★

In recent years, the financial press reported story after story regarding downsizing and layoff s in the U.S. auto industry. Often the stories discussed multiple rounds of downsizing events (such as...

Answered: 1 week ago

Question

★★★★★

Evaluate the various ways available to make the quality circle effective.

Answered: 1 week ago

Question

★★★★★

Kofi Allon, who is 32 years old and single, is employed as a technical consultant for a large electronics distributor. He lives at 678 Birch Street, LaMesa, CA 91941. Kofi's Social Security number is...

Answered: 1 week ago

Question

★★★★★

Consider a portfolio made up of two risky assets and a risk-free asset. You invest 40% in asset A with a beta of 1.25 and 40% in asset B with a beta of 1.1. What is the beta of the portfolio

Answered: 1 week ago

Question

★★★★★

The coffee industry continues to grow worldwide. From agriculture (growing of beans) to the production process to retailing to consuming, participants in the coffee industry seem to be increasing...

Answered: 1 week ago

Question

★★★★★

The sales budget of KK Garment Industries for the nine months ended 30-09-2019 follows: the table of data is attached through a picture and the additional information and requirement are given below...

Answered: 1 week ago

Question

★★★★★

Select a case study to use throughout the course to complete the assessments. Review the parameters for choosing your own case study and for selecting a predetermined case study. Once you have read...

Answered: 1 week ago

Question

★★★★★

Power Shade manufactures insulated windows. Their Repairs and Maintenance Cost is a mixed cost and varies most directly with machine hours worked. The following data have been gathered from the most...

Answered: 1 week ago

Question

★★★★★

Driving a bus is a service industry. What skills are required to provide a quality customer experience for passengers

Answered: 1 week ago

Question

★★★★★

Please answer it correctly. 1.In order to succeed in an action to pierce the corporate veil, plaintiff must prove: A. That the corporations shareholders have exercised dominion of the corporation for...

Answered: 1 week ago

Question

★★★★★

Record the following selected transactions for March in a two-column journal, identifying each entry by letter: (a) Received $10,000 from Shirley Knowles, owner. (b) Purchased equipment for $35,000,...

Answered: 1 week ago

Question

★★★★★

From the following transactions, prepare the appropriate general journal entries for the month of May: a. Raw materials costing $75,000 were issued from the storeroom. b. Direct labor of $50,000 was...

Answered: 1 week ago

Question

★★★★★

Before Adjustment Given: Accrued Salaries, $125. a. Complete a transaction analysis box for this adjustment. b. What will be the balance of these two accounts on the adjusted trial balance? Salaries...

Answered: 1 week ago

Question

★★★★★

From the following, calculate net sales: Purchases........................................$ 99 Sales Discount...................................$15 Gross...

Answered: 1 week ago

Question

★★★★★

Calculate the missing values

Answered: 1 week ago

Question

★★★★★

A bedroom suite costs Town & Country Furniture $5000 less 30% and 15%. The normal rate of markup on cost is 90%. The suite is marked down 30% in a Mid- Summer Sale. What is the sale price?

Answered: 1 week ago

Question

★★★★★

Elite Sports sells Kevlar-graphite shaft hockey sticks for $147 each. Elites wholesale cost is $98. For a Spring Clearance Sale, the prices are marked down by 20%. If overhead expenses are 15% of the...

Answered: 1 week ago

Previous Question Next Question