i need assistance on completeting the closing and post closing.
C12 f 10000 A Company General Journal Entries October, 20xx 3 4 5 Accounts Credit Date 1-Oct Cash Common Stock 25.000.00 25.000,00 7 8 9 10 8.500.00 1 Oct Baking Supplies Accounts Payable 8,500.00 11 12 13 10,000.00 3.0c Cash Notes Payable 10,000.00 7-Oct Prepaid Rent Rent Expense Cash 1,500.00 1,500.00 3.000.00 375.00 10-Oct Business License Expense Cash 375.00 250.00 11-Oct Misc. Expense Cash 250.00 5.000.00 13-Oct Baking Equipment Common Stock 5,000.00 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 200.00 13-Oct Advertising Expense Cash 200.00 300.00 14-Oct Office Supplies Expense Cash 300.00 75.00 30-Oct Telephone Expense Cash 75.00 1,200.00 31 Oct Prepaid Insurance Cash 1.200.00 120.00 31-Oct Wages Expense Interest Payable 120.00 10,000.00 5,000.00 42 43 44 45 46 31-Oct Cash Accounts Receivable Bakery Sales 15,000.00 69.020.00 69,020.00 47 Total 48 A 1 B A Company General Journal Entries November, 20xx 2 3 OOO OUA- Accounts Credit Date 5-Nov Wages Payable Cash Debit 120.00 7 120.00 3,800.00 8-Nov Cash Accounts Receivable 3,800.00 75.00 10-Nov Accounts Payable Cash 75.00 9 10 11 12 13 14 15 16 17 18 5,000.00 15-Nov Baking Supplies Accounts Payable 5,000.00 480.00 15-Nov Wages Expense Wages Payable 480.00 1,500.00 15-Nov Rent Expense Cash 1,500.00 1,000.00 18 Nov Cash Accounts Receivable 1,000.00 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 8,500.00 20-Nov Accounts Payable Cash 8,500.00 480.00 20 Nov Wages Payable Cash 480.00 300.00 22-Nov Office Supplies Cash 300.00 75.00 30-Nov Telephone Expense Accounts Payable 75.00 35 36 37 38 39 40 420.00 30-Nov Wages Expense Wages Payable 420.00 41 42 43 12,500.00 7,500.00 30-Nov Cash Accounts Receivable Bakery Sales 20,000.00 45 46 41,750.00 41,750.00 Total 47 A Company General Journal Entries December, 20xx Accounts 1 Dec Olvidends Cash Debt 10.000.00 6 7 8 9 10 000.00 S-Dee Wages Payable Cash 420.00 120.00 7-Dec Merchandise Inventory (Cash 60.00 60.00 4,000.00 8-Dec Cash Accounts Receivable 4,000.00 75.00 10-Dec Accounts Payable Cash 75.00 11-Dec Baking Supplies Accounts Payable 7,000.00 7,000.00 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 13-Dec Accounts Payable Cash 5.000.00 5,000.00 456.00 15-Dec Wages Expense Wages Payable 456.00 1,500.00 15-Dec Rent Expense Cash 1,500.00 68.00 15-Dec Cash Merchandise Sales 68.00 48.00 15-Dec cost of Goods Sold Merchandise Inventory 48.00 38 456.00 39 40 20-Dec Wages Payable Cash 456.00 122.00 20-Dec Merchandise inventory Cash 122.00 153.00 42 43 44 45 46 47 48 49 24-Dec Cash Merchandise Sales 153.00 109.60 24-Dec Cost of Goods Sold Merchandise Inventory 109.60 B 1 2. 3 A Company Closing Entries Qtr ending 12/31/20xx 4 5 Debit Credit 9 6 Date Accounts 7 31-Dec Bakery Sales 8 Merchandise Sales 9 Retained Earnings 10 11 31-Dec Retained Earnings 12 Baking Supplies Expense 13 Rent Expense 14 Wages Expense 15 Office Supplies Expense 16 Business License Expense 17 Office Expense 18 Depreciation Expense 19 Insurance Expense 20 Advertising Expense 21 Interest Expense 22 Telephone Expense 23 COGS 24 31-Dec Retained Earnings 26 Dividends 27 25 B C 1 A Company Post-Closing Trial Balance Qtr. Ending 12/31/20xx 2 3 3 4 Unadjusted Trial Balance Debit Credit 5 Account 6 Cash 7 Baking Supplies 8 Merchandise Inventory 9 Prepaid Rent 10 Prepaid Insurance 11 Baking Equipment 12 Accumulated Depreciation 13 Office Supplies 14 Accounts Receivable 15 Accounts Payable 16 Wages Payable 17 Interest Payable 18 Notes Payable 19 Common Stock 20 Retained Earnings 21 22 Total 23 A C D 1 B A Company Adjusting Journal Entries 20XX 2 3 4 Credit Debit 208.33 208.33 150.00 150.00 Date Accounts 31-Dec Depreciation Expense Accumulated Depreciation 31-Dec Interest Expense Interest Payable 31-Dec Insurance Expense Prepaid Insurance 31-Dec Baking Supplies Expense Baking Supplies 31-Dec Office Supplies Expense Office Supplies 200.00 200.00 19,400.00 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 19,400.00 550.00 550.00 20,508.33 20,508.33 A Company Trial Balance 20xx Unadjusted trial balance Adjusting entries Debit Credit Debit 85,521.00 34,159.00 20,500.00 333.00 158.00 1,500.00 1,200.00 5,000.00 600.00 18,500.00 1 2 3 4 5 Account 6 Cash 7 Baking Supplies 8 Merchandise Inventory 9 Prepaid Rent 10 Prepaid Insurance 11 Baking Equipment 12 Accumulated Depreciation 13 Office Supplies 14 Accounts Receivable 15 Notes Payable 16 Interest Payable 17 Accounts Payable 18 Wages Payable 19 Common Stock 20 Dividends 21 Bakery Sales 22 Merchandise Sales 23 Baking Supplies Expense 24 Rent Expense 25 Interest Expense 26 Insurance Expense 7 Depreciation Expense 28 Misc. Expense 9 Office Supplies Expense O Business License Expense 51 Advertising Expense -2 Wages Expense 3 Telephone Expense 4 COGS 5 6. Total: 7 8,800.00 10,000.00 120.00 20,575.00 1,836.00 30,000.00 13.650.00 1,476.00 Adjusted trial balance Credit Debit Credit 51,362.00 19,400.00 1.100.00 175.00 1,500.00 200.00 1,000.00 5,000.00 208.33 208.33 550.00 50.00 9,700.00 10,000.00 150.00 270.00 6,925.00 360,00 30,000.00 10,000.00 60,000.00 221.00 19,400.00 4,500.00 150.00 200.00 208.33 250.00 550.00 375.00 200.00 1,956.00 150.00 158.00 10,000.00 60,000.00 221.00 19,400.00 4,500.00 150.00 200.00 208.33 250.00 550.00 375.00 200.00 1,956.00 150.00 158.00 165,869.00 165,869.00 20,508.33 20,508.33 107,984.33 107,984.33 B 1 A Company Income Statement For Qtr. Ending 12/31/20XX 2 3 4 60,000.00 221.00 60,221.00 158,00 60,063.00 5 Revenues 6 Bakery Sales 7 Merchandise Sales 8 Total Revenues 9 Cost of Goods Sold 10 Gross Profit 11 72 Operating Expenses: 73 Baking Supplies Expense 14 Rent Expense 75 Insurance Expense 76 Depreciation Expense 77 Misc. Expense 78 Office Supplies Expense 19 Business License Expense 20 Advertising Expense 21 Wages Expense 22 Telephone Expense 23 24 25 26 27 28 29 B0 Total Operating Expenses: 31 32 Net Income 33 19,400.00 4,500.00 200.00 208.33 250.00 550.00 375.00 200.00 1,956.00 150.00 27,789.33 32,273.67
