Question
Nano Technology Solution Co has prepared the following unadjusted trial balance at Jan 31, 2019 Nano Technology Solution Co. Adjusted Trial Balance January 31, 2019
Nano Technology Solution Co has prepared the following unadjusted trial balance at Jan 31, 2019
Nano Technology Solution Co.
Adjusted Trial Balance
January 31, 2019
|
| Debit | Credit |
| Cash | 13100 |
|
| Supplies | 8000 |
|
| Prepaid insurance | 7500 |
|
| Trucks | 190,000 |
|
| Accumulated Depreciation Truck |
| 27,100 |
| Account payable |
| 4500 |
| Unearned Fees |
| 11,000 |
| Note payable (due 2025) |
| 20,000 |
| Smiths Capital |
| 106400 |
| Smiths Drawing | 3000 |
|
| Fees earned |
| 131,000 |
| Salary expense | 61000 |
|
| Rent Expense | 7600 |
|
| Electricity Expenses | 9800 |
|
|
| 300,000 | 300,000 |
Requirement:
- 1. Prepare income statement and stamen of Owners Equity
- 2. Journalize necessary closing entry
- 3. Prepare Post-closing Trail balance
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GMP/ISO Quality Audit Manual For Healthcare Manufacturers And Their Suppliers Volume 2
Authors: Leonard Steinborn
6th Edition
978-0849318474
