Peyton Approved
Adjusting Journal Entries
2018
Date	Accounts	Debit	Credit
30-Sep	Depreciation Expense	250
	accumulated depreciation		250.00
30-Sep
30-Sep
30-Sep
30-Sep
		250.00	250.00

Peyton Approved
Closing Entries
Qtr ending 9/30/2018
Date	Accounts	Debit	Credit
30-Sep	Bakery Sales
	Merchandise Sales
	Income Summary
30-Sep	Income Summary (FIFO)
	Baking Supplies Expense
	Rent Expense
	Wages Expense
	Office Supplies Expense
	Business License Expense
	Misc. Expense
	Depreciation Expense
	Insurance Expense
	Advertising Expense
	Interest Expense
	Telephone Expense
	COGS FIFO
30-Sep	Income Summary (FIFO)
	Retained Earnings FIFO
30-Sep	Retained Earnings
	Dividends

Peyton Approved
Post Closing Trial Balance
Qtr. Ending 9/30/2018
	Unadjusted Trial Balance
Account	Debit	Credit
Cash
Baking Supplies
Merchandise Inventory (FIFO)
Prepaid Rent
Prepaid Insurance
Baking Equipment
Accumulated Depreciation
Office Supplies
Accounts Receivable
Accounts Payable
Wages Payable
Interest Payable
Notes Payable
Common Stock
Retained Earnings FIFO
Totals	-	-

Peyton Approved
Reversing Entries
Qtr ending 9/30/2018
Date	Accounts	Debit	Credit
30-Sep	Interest Payable	150.00
	Interest Expense		150.00