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Hi [Student Name], I have reviewed the adjustments and the adjusted trial balance and concluded that they are fine as you have done them. Please
Hi [Student Name], I have reviewed the adjustments and the adjusted trial balance and concluded that they are fine as you have done them. Please carry on and complete the remaining accounting cycle steps for the month ended December 31, 2022. That is, complete the financial statements, journalize and post the closing entries, and then prepare a post-closing trial balance.
Rose Temple, Piano Teacher Adjusted Trial Balance December 31, 2022 \begin{tabular}{lrr} & Debit & Credit \\ Cash & 3,088.77 & \\ Accounts receivable & 168.00 & \\ Office supplies & 58.00 & \\ Computer equipment & 1,920.00 & \\ Accum. deprec. - comp. equipment & & $53.00 \\ Accounts payable & & 340.00 \\ Temple, capital & & 3,920.00 \\ Temple, drawings & 109.50 & \\ Lesson revenue & & 2,128.00 \\ Accounting expense & 200.00 & \\ Advertising expense & 181.73 & \\ Bank charges expense & 70.20 & \\ Depreciation expense & 53.00 & \\ Office supplies expense & 58.60 & \\ Rent expense & 437.00 & \\ Repairs expense & 96.20 & \\ Totals & $6,441.00 & $6,441.00 \\ \hline \end{tabular}Step by Step Solution
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