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Jassim Service Company's adjusted trial balance at the end of 31 December, its accounting period is shown below: Credit Jassim Service Company Adjusted Trial Balance
Jassim Service Company's adjusted trial balance at the end of 31 December, its accounting period is shown below: Credit Jassim Service Company Adjusted Trial Balance December 31 Debit Cash 17,500 Accounts receivable 16,000 Office supplies 9,000 Office equipment 28,000 Accumulated depreciation- Office equipment Long-term notes payable Jassim, Capital Jassim, Withdrawals 1,500 Fees earned Salaries expense 31,400 17,210 Depreciation expense-Office equipment 1,750 Office supplies expense 2,700 Totals $125,060 3,500 23,500 26,100 71,960 Rent expense $125,060 Required: Given the above information, prepare the following: The norocean cloeing entries lick Save and Submit to save and submit. Click Save All Answers to sou all 71,960 31,400 17,210 Fees earned Salaries expense Rent expense Depreciation expense-Office equipment Office supplies expense Totals 1,750 2,700 $125,060 $125,060 Required: Given the above information, prepare the following: a. The necessary closing entries. Journal entry example: Dr. Office Maintenance expense BD 500 Cr. Cash BD 500 b. What is the balance of 'Jassim, Capital in the post-closing trial balance? [you MUST show your calculation] For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)
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