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Green Lawns, Inc. performs adjusting entries every month, but closes its accounts only at year-end. The following is the company's year-end adjusted trial balance dated
Green Lawns, Inc. performs adjusting entries every month, but closes its accounts only at year-end. The following is the company's year-end adjusted trial balance dated December 31, current year. GREEN LANS, INC Adjusted Trial Balance December 31, Current Year Cash $ 218,640 Accounts receivable 10,800 Supplies 720 Equipment 28,800 Accumulated depreciation: equipment Accounts payable Income taxes payable Capital stock Retained earnings Dividends 4,800 Lawn care revenge earned Salary expense 124,800 Supply expense 2,880 Advertising expense 720 Depreciation expenset equipment 2.400 Income taxes expense 22.840 $422.400 $ 12,000 3,600 8,400 60,000 108,000 230,400 $ 422,400 a. Prepare all necessary closing entries at December 31, current year. b. Prepare an after-closing trial balance dated December 31, current year Complete this question by entering your answers in the tabs below. Required A Required B Prepare an after-closing trial balance dated December 31, current year, GREEN LAWNS, INC. After-Closing Trial Balance December 31, Current Year Totals $ $ 0 Required A
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