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I posted this once already but it was answered incompletely. I put the adjusted trial balance and closing entries for reference hope that's whats needed!
I posted this once already but it was answered incompletely.
Peter's Pool Corporation Post-Closing Trial Balance July 31 Account Title Account Number Balance Debit Credit 7- Finand Balance Debit Credit 37700 250 4,400 7,800 160 7,350 95 Account Account Number Title Cash 117 Repair supplies 119 Prepaid insurance 144 Repair equipment 145 Accumulated depreciation 212 Accounts payable 1.213 Income tax payable 2 311 Common stock 3 313 Dividends 4411 Service revenue 5.511 Store rent expense 5512 Telephone expense 7 517 Electricity expense 3 513 Insurance expense 9 514 Repair supplies expense 515 Dep Expense-Repair equipment 1 516 Income tax Expense 40,000 1.100 8,900 3,600 300 500 w on Us Dividenas DET General Journal 8.900 8.900 Account Number from Chart of Accounts Date tab Account Title from Chart of Accounts tab 31-Jul 411 service revenue income summary (to close revenue account) TU 131 Income Summary 511 Store rent expenses 512 Telephone expense 517 Electricity expense 513 Insurance expense 514 Repair supplies expense 515 Dep expense - Repair equipment 516 Income tax expense 5.255 3,600 31-Jul 3,645 3,645 31-Jul Income summary Retained earnings 313 Retained earnings Dividends 1.100 1,100 2- General Ledger 3 Trial Balance 15 Adjusting Entries Adjusted - Financial staten I put the adjusted trial balance and closing entries for reference hope that's whats needed!
*the question I need help with is to Prepare a post-closing trial balance*:
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