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I need help with the closing entries, post closing trial balance, and the horizontal analysis.Use the information provided from the other statements below. Janie's Cupcakes,
I need help with the closing entries, post closing trial balance, and the horizontal analysis.Use the information provided from the other statements below.
Janie's Cupcakes, Inc. Statement of Retained Earnings For Quarter Ended Sept 30, 2016 8 Beginning Balance 9 Add Net Income 0 Less Dividends 11 EndingBalance 2 4 STEP 9c 5 6 Janie's Cupcakes, Inc. Balance Sheet 30-Sep-16 8 9 Assets: 0 Cash 1 Accounts Receivable Prepaid Rent Prepaid Insurance Baking Supplies 3 24 5 Miscellaneous Supplies 6 Inventory 7 Equipment 28 9 Net Equipment 0 Total Assets Accumulated Depreciation 2 Liabilities 3 Accounts Payable 4 Interest Payable 5 Wages Payable 6 Note Payable 7 Total Liabilities 38 9 Equity 0 Retained Earnings 1 Common Stock 2 Total Equity 4 Total Liabilities & Equity 15 16Step by Step Solution
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