Question
he adjusted trial balance for Victoria Blossom Company for the year ended June 30, 2021, follows. VICTORIA BLOSSOM COMPANY Adjusted Trial Balance June 30, 2021
he adjusted trial balance for Victoria Blossom Company for the year ended June 30, 2021, follows.
VICTORIA BLOSSOM COMPANY Adjusted Trial Balance June 30, 2021 | |||
Account Titles | Debit | Credit | |
Cash | $3,582 | ||
Accounts receivable | 3,774 | ||
Supplies | 350 | ||
Accounts payable | $992 | ||
Unearned revenue | 30 | ||
Salaries payable | 330 | ||
V. Blossom, capital | 5,630 | ||
V. Blossom, drawings | 420 | ||
Service revenue | 4,170 | ||
Salaries expense | 1,130 | ||
Miscellaneous expense | 126 | ||
Supplies expense | 1,770 | ||
$11,152 | $11,152 |
Prepare closing entries at June 30, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Date | Account Titles and Explanation | Debit | Credit |
June 30 | Accounts ReceivableAccounts PayableCashIncome SummaryMiscellaneous ExpenseNo EntrySalaries ExpenseSupplies ExpenseSuppliesService RevenueSalaries PayableV. Blossom, CapitalV. Blossom, DrawingsUnearned Revenue | ||
Accounts ReceivableAccounts PayableCashIncome SummaryMiscellaneous ExpenseNo EntrySalaries ExpenseSupplies ExpenseSuppliesService RevenueSalaries PayableV. Blossom, CapitalV. Blossom, DrawingsUnearned Revenue | |||
(To close revenue accounts.) | |||
June 30 | Accounts ReceivableAccounts PayableCashIncome SummaryMiscellaneous ExpenseNo EntrySalaries ExpenseSupplies ExpenseSuppliesService RevenueSalaries PayableV. Blossom, CapitalV. Blossom, DrawingsUnearned Revenue | ||
Accounts ReceivableAccounts PayableCashIncome SummaryMiscellaneous ExpenseNo EntrySalaries ExpenseSupplies ExpenseSuppliesService RevenueSalaries PayableV. Blossom, CapitalV. Blossom, DrawingsUnearned Revenue | |||
Accounts ReceivableAccounts PayableCashIncome SummaryMiscellaneous ExpenseNo EntrySalaries ExpenseSupplies ExpenseSuppliesService RevenueSalaries PayableV. Blossom, CapitalV. Blossom, DrawingsUnearned Revenue | |||
Accounts ReceivableAccounts PayableCashIncome SummaryMiscellaneous ExpenseNo EntrySalaries ExpenseSupplies ExpenseSuppliesService RevenueSalaries PayableV. Blossom, CapitalV. Blossom, DrawingsUnearned Revenue | |||
(To close expense accounts.) | |||
June 30 | Accounts ReceivableAccounts PayableCashIncome SummaryMiscellaneous ExpenseNo EntrySalaries ExpenseSupplies ExpenseSuppliesService RevenueSalaries PayableV. Blossom, CapitalV. Blossom, DrawingsUnearned Revenue | ||
Accounts ReceivableAccounts PayableCashIncome SummaryMiscellaneous ExpenseNo EntrySalaries ExpenseSupplies ExpenseSuppliesService RevenueSalaries PayableV. Blossom, CapitalV. Blossom, DrawingsUnearned Revenue | |||
(To close profit to capital.) | |||
June 30 | Accounts ReceivableAccounts PayableCashIncome SummaryMiscellaneous ExpenseNo EntrySalaries ExpenseSupplies ExpenseSuppliesService RevenueSalaries PayableV. Blossom, CapitalV. Blossom, DrawingsUnearned Revenue | ||
Accounts ReceivableAccounts PayableCashIncome SummaryMiscellaneous ExpenseNo EntrySalaries ExpenseSupplies ExpenseSuppliesService RevenueSalaries PayableV. Blossom, CapitalV. Blossom, DrawingsUnearned Revenue | |||
(To close drawings account.) |
Prepare a post-closing trial balance.
VICTORIA BLOSSOM COMPANY Post-Closing Trial Balance For the Month Ended June 30, 2021June 30, 2021For the Year Ended June 30, 2021 | ||
Debit | Credit | |
Accounts ReceivableAccounts PayableCashIncome SummaryMiscellaneous ExpenseNo EntrySalaries ExpenseSupplies ExpenseSuppliesService RevenueSalaries PayableV. Blossom, CapitalV. Blossom, DrawingsUnearned Revenue | $ | $ |
Accounts ReceivableAccounts PayableCashIncome SummaryMiscellaneous ExpenseNo EntrySalaries ExpenseSupplies ExpenseSuppliesService RevenueSalaries PayableV. Blossom, CapitalV. Blossom, DrawingsUnearned Revenue | ||
Accounts ReceivableAccounts PayableCashIncome SummaryMiscellaneous ExpenseNo EntrySalaries ExpenseSupplies ExpenseSuppliesService RevenueSalaries PayableV. Blossom, CapitalV. Blossom, DrawingsUnearned Revenue | ||
Accounts ReceivableAccounts PayableCashIncome SummaryMiscellaneous ExpenseNo EntrySalaries ExpenseSupplies ExpenseSuppliesService RevenueSalaries PayableV. Blossom, CapitalV. Blossom, DrawingsUnearned Revenue | ||
Accounts ReceivableAccounts PayableCashIncome SummaryMiscellaneous ExpenseNo EntrySalaries ExpenseSupplies ExpenseSuppliesService RevenueSalaries PayableV. Blossom, CapitalV. Blossom, DrawingsUnearned Revenue | ||
Accounts ReceivableAccounts PayableCashIncome SummaryMiscellaneous ExpenseNo EntrySalaries ExpenseSupplies ExpenseSuppliesService RevenueSalaries PayableV. Blossom, CapitalV. Blossom, DrawingsUnearned Revenue | ||
Accounts ReceivableAccounts PayableCashIncome SummaryMiscellaneous ExpenseNo EntrySalaries ExpenseSupplies ExpenseSuppliesService RevenueSalaries PayableV. Blossom, CapitalV. Blossom, DrawingsUnearned Revenue | ||
Total | $ | $ |
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