PART 1
PART 2
PART 3
Required information [The following information applies to the questions displayed below.) Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Assume the year ended on September 30, 2018. 604 304 904 Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Deferred Revenue Depreciation Expense Equipment Income Tax Expense Interest Revenue Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent Rent Expense Retained Earnings Salaries and Wages Expense Service Revenue Supplies Supplies Expense Travel Expense 304 204 204 304 3, 204 304 104 204 504 104 404 1,504 2, 204 6,212 504 204 2,604 Required: 1-a. Prepare an adjusted trial balance at September 30, 2018. Required: 1-a. Prepare an adjusted trial balance at September 30, 2018. Credit 904 604 STARBOOKS CORPORATION Adjusted Trial Balance At September 30, 2018 Account Titles Debit Cash $ 304 Accounts Receivable 304 Supplies 504 Prepaid Rent 104 Equipment 3,204 Accumulated Depreciation Accounts Payable Deferred Revenue Notes Payable (short-term) Notes Payable (long-term) Common Stock Retained Earnings 1,504 Service Revenue Interest Revenue 104 Travel Expense Salaries and Wages Expense Rent Expense Depreciation Expense Supplies Expense Income Tax Expense Totals | $ 12,240 504 204 204 6,212 2,604 2,204 404 304 204 304 8,648 $ 1-b. Is the Retained Earnings balance of $1,504 the amount that would be reported on the balance sheet as of September 30, 2018? Yes No Required information [The following information applies to the questions displayed below.) Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Assume the year ended on September 30, 2018 $ 604 304 904 304 204 204 304 3, 204 304 104 204 Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Deferred Revenue Depreciation Expense Equipment Income Tax Expense Interest Revenue Notes Payable (long-term) Notes Payable (short- term) Prepaid Rent Rent Expense Retained Earnings Salaries and Wages Expense Service Revenue Supplies Supplies Expense Travel Expense 504 104 404 1,504 2,204 6,212 504 204 2,604 2. Prepare the closing entry required at September 30, 2018. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the closing entry required at September 30, 2018. Note: Enter debits before credits. General Journal Debit Credit Date Sep 30, 2018 Record entry View general journal Clear entry (The following information applies to the questions displayed below. Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Assume the year ended on September 30, 2018. $ 604 304 904 304 204 204 304 Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Deferred Revenue Depreciation Expense Equipment Income Tax Expense Interest Revenue Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent Rent Expense Retained Earnings Salaries and Wages Expense Service Revenue Supplies Supplies Expense Travel Expense 3,204 304 104 204 504 104 404 1,504 2,204 6,212 504 204 2,604 3. Prepare a post-closing trial balance at September 30, 2018. STARBOOKS CORPORATION Post-closing Trial Balance Debit Credit Account Titles Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Deferred Revenue Notes Payable (short-term) Notes Payable (long-term) Common Stock Retained Earnings Service Revenue Interest Revenue Travel Expense Salaries and Wages Expense Rent Expense Depreciation Expense Supplies Expense Income Tax Expense Totals
