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I will leave a great rating:) Required information PA4-1 (Algo) Preparing a Trial Balance, Closing Journal Entry, and Post-Closing Trial Balance (LO 4-3, LO 4-5)
I will leave a great rating:)
Required information PA4-1 (Algo) Preparing a Trial Balance, Closing Journal Entry, and Post-Closing Trial Balance (LO 4-3, LO 4-5) [The following information applies to the questions displayed below) Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Assume the year ended on September 30, 2021. Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Deferred Revenge Depreciation Expanse Iquipment Income Tax Expense Interest Revenge Notes Payable (long-term) Noten Payable (short-term) Prepaid Rent Rent Expense Retained Earnings salaries and Wages Expense Service Ravenue Supplies Supplies Expense Travel expense $ 592 292 892 292 192 192 292 3,192 292 92 192 492 92 392 1,492 2,192 6,176 492 192 2,592 PA4-1 (Algo) Part 1 Required information Prepare an adjusted trial balance at September 30, 2021. STARBOOKS CORPORATION Adjusted Tral Balance Account Titles Debit Credit Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Deferred Revenue Notes Payable (short-term) Notes Payable (long-term) Common Stock Retained Earnings Service Revenue Interest Revenue Travel Expense Salaries and Wages Expense Rent Expense Depreciation Expense Supplies Expense Required information Accumulated Depreciation Accounts Payable Deferred Revenue Notes Payable (short-term) Notes Payable (long-term) Common Stock Retained Earings Service Revenue Interest Revenue Travel Expense Salaries and Wages Expense Rent Expense Depreciation Expense Supplies Expense Income Tax Expense Totals $ 0 $ Reg 1A Req 18> Required: 1-a. Prepare an adjusted trial balance at September 30, 2021. 1-b. Is the Retained Earnings balance of $1,492 the amount that would be reported on the balance sheet as of September 30, 20 Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Is the Retained Earnings balance of $1,492 the amount that would be reported on the balance sheet as of September 30, 20212 Yes No Step by Step Solution
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