need help on Closing Entries and a Post-closing Trial Balance

INSTRUCTIONS: CheckPoint: Closing Entries and a Post-closing Trial Balance Instructions (a) Journalize the closing entries at April 30. (b) Post the closing entries to Income Summary and Retained Earnings. Use T accounts. (c) Prepare a post-closing trial balance at April 30. PLEASE NOTE: Use the templates in Appendix F and complete all three tabs. ASSIGNMENT INFORMATION: GOODE COMPANY Worksheet (partial) For the Month Ended April 30, 2008 Account Titles Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Interest Payable Totals Adjusted Trial Balance Dr. Cr. 13,752 7,840 2,280 23,050 4,921 5,700 5,672 25,000 5,960 3,650 15,590 10,840 760 671 57 ----------62,900 57 ----------62,900 INSTRUCTIONS: CheckPoint: Closing Entries and a Post-closing Trial Balance Instructions (a) Journalize the closing entries at April 30. (b) Post the closing entries to Income Summary and Retained Earnings. Use T accounts. (c) Prepare a post-closing trial balance at April 30. PLEASE NOTE: Use the templates in Appendix F and complete all three tabs. ASSIGNMENT INFORMATION: GOODE COMPANY Worksheet (partial) For the Month Ended April 30, 2008 Account Titles Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Interest Payable Totals Adjusted Trial Balance Dr. Cr. 13,752 7,840 2,280 23,050 4,921 5,700 5,672 25,000 5,960 3,650 15,590 10,840 760 671 57 ----------62,900 57 ----------62,900 Axia College Material Appendix F Closing Entries and a Post-closing Trial Balance Journalize Closing Entries Use this template to journalize the closing entries for Goode Company at April 30, 2008. GOODE COMPANY Closing Entries at April 30, 2008 DATE Apr 30 ACCOUNT TITLE AND EXPLANATION Service Revenue Income Summary DEBIT CREDIT 30 Income Summary Salaries expense Rent expense Depreciation expense Interest expense 30 Income Summary Retained earnings 30 Retained Earnings Dividends a) Closing Entries Axia College Material Appendix F Adjusting Entries, Posting, and Preparing an Adjusted Trial Balance Post Closing Entries For Goode Company, use these T account templates to post the closing entries to Income Summary and Retained Earnings. T ACCOUNTS Income Summary Retained Earnings b) T Accounts Axia College Material Appendix F Closing Entries and a Post-closing Trial Balance Prepare a Post-Closing Trial Balance Prepare a post-closing trial balance at April 30, 2008 for Goode Company.You can place summation formulas to compute totals at the end of debit and credit columns. Otherwise, you can compute totals using a calculator, then enter totals directly. Goode Company Post-Closing Trial Balance 30-Apr-08 DEBIT CREDIT Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation Notes Payable Accounts Payable Interest Payable Common Stock Retained Earnings Totals c) Post Closing Trial Balance INSTRUCTIONS: CheckPoint: Closing Entries and a Post-closing Trial Balance Instructions (a) Journalize the closing entries at April 30. (b) Post the closing entries to Income Summary and Retained Earnings. Use T accounts. (c) Prepare a post-closing trial balance at April 30. PLEASE NOTE: Use the templates in Appendix F and complete all three tabs. ASSIGNMENT INFORMATION: GOODE COMPANY Worksheet (partial) For the Month Ended April 30, 2008 Account Titles Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Interest Payable Totals Adjusted Trial Balance Dr. Cr. 13,752 7,840 2,280 23,050 4,921 5,700 5,672 25,000 5,960 3,650 15,590 10,840 760 671 57 ----------62,900 57 ----------62,900 Axia College Material Appendix F Closing Entries and a Post-closing Trial Balance Journalize Closing Entries Use this template to journalize the closing entries for Goode Company at April 30, 2008. GOODE COMPANY Closing Entries at April 30, 2008 DATE Apr 30 ACCOUNT TITLE AND EXPLANATION Service Revenue Income Summary DEBIT CREDIT 30 Income Summary Salaries expense Rent expense Depreciation expense Interest expense 30 Income Summary Retained earnings 30 Retained Earnings Dividends a) Closing Entries Axia College Material Appendix F Adjusting Entries, Posting, and Preparing an Adjusted Trial Balance Post Closing Entries For Goode Company, use these T account templates to post the closing entries to Income Summary and Retained Earnings. T ACCOUNTS Income Summary Retained Earnings b) T Accounts Axia College Material Appendix F Closing Entries and a Post-closing Trial Balance Prepare a Post-Closing Trial Balance Prepare a post-closing trial balance at April 30, 2008 for Goode Company.You can place summation formulas to compute totals at the end of debit and credit columns. Otherwise, you can compute totals using a calculator, then enter totals directly. Goode Company Post-Closing Trial Balance 30-Apr-08 DEBIT CREDIT Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation Notes Payable Accounts Payable Interest Payable Common Stock Retained Earnings Totals c) Post Closing Trial Balance