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need help with the post closing table. please show steps, thank you. G CYCLE PRACTICE SET Quiz S19 0 GL0402- Based on Problem 4-1A LO
need help with the post closing table. please show steps, thank you.
G CYCLE PRACTICE SET Quiz S19 0 GL0402- Based on Problem 4-1A LO C3, P2. P3 On Apri 1, 2017, Than Nguyen created a new travel agency. Nguyen Travel The following transactions occurred during the company's first month c ansactions occurred durnng the comp 1 Nguyen invested $47,0 0e0 cash and computer equipment worth $24,89e in the corm peny or. 2 The company rented furnished office space by paying $2,3 cash for the first month's (Aoril) rent. or. 3 The coepany purchased $1,280 of office supplies for cesh pr. 10 The company paid $2,888 cash for the preniun on a 12-onth esurance policy, Coverage begins on April 11. Apr. 14 The company peid $1,968 cash for two weeks salaries earned by employees, Apr. 24 The company collected $18, 880 cash on commissions from airiines on tickets obtained For customers. Apr. 28 The company paid $1,960 cash for two weeks" seleries earned by employees. Apr. 29 The company peid $658 cash for minor repairs to the company"s computer, Apr. 38 The company peid $48e cash for this month s telephone bill Apr. 38 Nguyen withdrew $2,888 cash from the company for personal use Information for month-end odjustments follows: a. Two-thirds (or $160) of one month's insurance coverage has expired b. At the end of the month, $1100 of office supplies are stll avaliable c. This month's depreciation on the computer equipment is S400 d. Employees earned $784 of unpaid and unrecorded salaries as of month-end e. The company earned $1,840 of commissions that are not yet billed at monthend General Journal General Trial Baiance Statement Requirement St Owners Balance Sheet Post Closing Equity Begin by selecting "Post -closing" from the drop-down below. Then, for each account, use the drop-down to indicate whether the account is included on the post closing trial balance, Based on your decisions, the post-closing trial balance will be created. Compare your results with the Trial Balance tab. Post-closing 1: a. Two-terds for $160) of one month's Insurance coverage has expired b. At the end of the month, $1300 of office suppies are still avariable c This month's depreciation on the computer equipment is $400 d. Employees earned $784 of unpaid and unrecorded salares as of month end e. The company eaned $1840 of commissions that are not yet bitied at month-end General Triel Belane Statement IncomeSt Owners Requrement General Balance SheetPast Gosing ournal Begin by selecting "Post-closing" from the drop- down below. Then, for each account, use the drop- down to indicate whether the accouet is included on the post-closing trial balance. Based on your decisions, the post-closing trial balance will be created. Compare your results with the Trial Balance tab. Post-closing Incladed on Post-closing Type of Account Cash Accounts receivabie Otfice supoples Prepaid insurance ccumulated depreciation- Compuater equipment Salaries payable T Nguyen, Capital Commissions eamed Depreciation expense-Computer equipment Salaries expense opense Ofice suppies expersa Repars expense Telaphonesxpense TotalsStep by Step Solution
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