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Name: BAT 4M Chapter 4 Assignment At the end of its fiscal month, Jay Alou has journalized and posted his adjusting entries, his company

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Name: BAT 4M Chapter 4 Assignment At the end of its fiscal month, Jay Alou has journalized and posted his adjusting entries, his company has the following adjusted trial balance: ALOU EQUIPMENT REPAIR Adjusted Trial Balance September 30, 20-- Debit Credit Cash Accounts receivable Supplies Equipment Accumulated depreciation-equipment Accounts payable $ 38,000 8,310 700 19,000 $ 2,375 3,100 Unearned revenue. 1,450 Salaries payable 1,630 Interest payable 420 Notes payable (24 months) 20,000 J. Alou, capital 17,330 J. Alou, drawings 6,400 Service revenue 75,000 Depreciation expense 2,375 Interest expense 520 Rent expense 7,200 Salaries expense 35,000 Supplies expense 2,300 Telephone expense 1,500 Totals $ 121,305 $ 121,305 Using their information in the adjusted trial balance, do the following: a) Prepare a classified balance sheet b) Prepare closing entries c) Prepare a post-closing trial balance.

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