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Kay Magill Company had the following adjusted trial balance. A. Prepare closing entries at June 30, 2015. B. Prepare a post-closing trial balance. KAY MAGILL
Kay Magill Company had the following adjusted trial balance.
A. Prepare closing entries at June 30, 2015.
B. Prepare a post-closing trial balance.
KAY MAGILL COMPANY | |||||||||
Adjusted Trial Balance | |||||||||
Account Titles | Debit | Credit | For the Month Ended June 30, 2015 | ||||||
1 | Adjusted Trial Balance | ||||||||
2 | Account Titles | Debit | Credit | ||||||
3 | Cash | $3,712 | |||||||
4 | Accounts Receivable | 3,904 | |||||||
5 | Supplies | 480 | |||||||
6 | Accounts Payable | $1,556 | |||||||
7 | Unearned Service Revenue | 160 | |||||||
8 | Common Stock | 4,000 | |||||||
9 | Retained Earnings | 1,760 | |||||||
10 | Dividends | 628 | |||||||
11 | Service Revenue | 4,300 | |||||||
12 | Salaries and Wages Expense | 1,344 | |||||||
13 | Miscellaneous Expense | 256 | |||||||
14 | Supplies Expense | 1,900 | |||||||
15 | Salaries and Wages Payable | 448 | |||||||
$12,224 | $12,224 | ||||||||
(b) | |||||||||
Kay Magill Company | |||||||||
Post-Closing Trial Balance | |||||||||
June 30, 2015 | |||||||||
Account Titles | Debit | Credit | 1 | ||||||
2 | |||||||||
3 | |||||||||
4 | |||||||||
5 | |||||||||
6 | |||||||||
7 | |||||||||
8 | |||||||||
9 | |||||||||
10 |
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