Answered step by step
Verified Expert Solution
Question
1 Approved Answer
General Journal Date Description(Account Name) Debit Credit 07/01/17 Cash 90,000 Common Stock 90,000 07/03/17 Rent Expense 5,500 Cash 5,500 07/05/17 Prepaid Insurance 4,800 Cash 4,800
General Journal | ||||||
Date | Description(Account Name) | Debit | Credit | |||
07/01/17 | Cash | 90,000 | ||||
Common Stock | 90,000 | |||||
07/03/17 | Rent Expense | 5,500 | ||||
Cash | 5,500 | |||||
07/05/17 | Prepaid Insurance | 4,800 | ||||
Cash | 4,800 | |||||
07/07/17 | Supplies | 900 | ||||
Accounts Payable | 900 | |||||
07/10/17 | Salaries Expense | 3,300 | ||||
Cash | 3,300 | |||||
07/14/17 | Equipment | 11,500 | ||||
Cash | 1,500 | |||||
Accounts Payable | 10,000 | |||||
07/15/17 | Cash | 7,700 | ||||
Revenue | 7,700 | |||||
07/19/17 | Accounts Payable | 500 | ||||
Cash | 500 | |||||
07/31/17 | Cash | 8,505 | ||||
Revenue | 8,505 | |||||
07/31/17 | Dividends | 600 | ||||
Cash | 600 | |||||
133,305 | 133,305 |
|
Question:
Requirement #10: | |||
Prepare a post-closing trial balance as of July 31 in the space below. | |||
Melvin Plumbing Corporation | |||
Post-Closing Trial Balance | |||
July 31 | |||
0 | 0 | ||
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started