I am trying to balance the post closing Trail balance but I cant see to balance it. May you revise my work and see what I am missing. The Post closing TB balance should be 100, 580. thank you
Requirement #9: Post the closing entries to the T-Accounts on the General Ledger worksheet and compute ending balances. Just add to the adjusted balances already listed. General J ournat Description (Account Name) Credit 31 -Jan Revenues Income Summary 15.390 3i-Jan Income Summary Advertising Expense 450 Wages Expense 9.350 Depreciation Expense 225 Interest Expense 300 Insurance Expense 250 Supplies Expense 720 Utilities Expense 740 Income Taxes Expense 1.007 3i-Jan Income Summary Retained Earnings 1.748 31 -Jan Retained Earnings Dividends 600 Account 111 117 119 144 146 148 212 213 216 312 313 411 412 511 512 Cash Prepaid Insurance Cleaning Supplies Furniture House Land Accounts Payable Notes Payable Rent Received in Advance Capital Stock Dividends Revenue- Rental of Rooms Revenue- Restaurant Advertising Expense Wages Expense Moonlight Bay lnn Trial Balance Janua 31 Debit Balance Credit 950 30.000 980 60.000 8.300 6.600 Account 111 117 119 144 145 146 147 143 212 213 214 216 217 218 312 313 411 4.12 511 512 513 514 516 517 518 Cash Prepaid Insurance Cleaning Supplies Furniture Accum Depn Furniture House Accum Dep House Land Accounts Payable Notes Payable Wages Payable Rent Received in Advance Interest Payable Income Tax Payable Capital Stock Dividends Revenue Rental of Rooms Revenue Restaurant Advertising Expense Wages EXpense Insurance Expense Supplies Expense Depreciation Expense Interest Expense Income Tax Expense Moonlight Bay Inn Adjusted Trial Balance Jan uar 31 Balance Credit 125 100 950 30.000 5. 1 20 490 1 .007 60.030 8.790 6.600 General Journal Date Description (Account Name) Debit Credit 31-Jan Revenues 15,390 Income Summary 15,390 31-Jan Income Summary 13,042 Advertising Expense 450 Wages Expense 9,350 Depreciation Expense 225 Interest Expense 300 Insurance Expense 250 Supplies Expense 720 Utilities Expense 740 Income Taxes Expense 1,007 31-Jan Income Summary 1,748 Retained Earnings 1,748 31-Jan Retained Earnings 600 Dividends 600 30,780 30,780Moonlight Bay Inn Post-Closing Trial Balance January 31 Account Account Balance # Title Debit Credit 111 Cash 29,600 117 Prepaid Insurance 5,750 119 Cleaning Supplies 230 144 Furniture 15,000 145 Accum Dep- Furniture 125 146 House 35,000 147 Accum Dep- House 100 148 Land 15,000 212 Accounts Payable 950 213 Notes Payable 30,000 214 Wages Payable 5,120 216 Rent Received in Advance 490 217 Interest Payable 300 218 Income Tax Payable 1,007 312 Capital Stock 60,000 999 Income Summary 600 1,888 100,580 98,692 Post Closing Trial Balance total should be $100,58
