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Please Answer Both Questions Number 9 & 10 9. Journalize all closing entries and post to the t-accounts. 10. Prepare a post-closing trial balance as
Please Answer Both Questions Number 9 & 10
9. Journalize all closing entries and post to the t-accounts. | ||
10. Prepare a post-closing trial balance as of November 30th, 2021. |
Attached is Non closing Journal, trial Balance Sheet and t-accounts
A C Ready Accessibility: Good to go During the month of November, Tikkity Tock completed the following transactions: November 3rd - Purchased clocks on account from Clock Manufacturers, Inc. terms n/30, FOB destination. 45 These were composed of 342 Base Level Clocks at a unit cost of $23.96/ unit, 172 Mid Level Clocks 46 at a unit cost of $35.51/ unit, and 25 Luxury Clocks at a unit cost of $61.09/ unit. 47 November 7th - Sold 1,200 Base Level Clocks to a Alpine Retail at $32.99/ unit, paid in full via cash. 48 November 12th - Sold 22 Luxury Clocks at $85.99/ unit and 200 Mid Level Clocks at $44.59/ unit 49 to Aspen Local on account, terms 2/15,n/30. 50 November 16th - Paid amount due to Clock Manufacturer's Inc. in full. 51 November 17th - Paid rent on building, $4,000. 52 November 23rd - Received a check from Aspen Local for total amount due on November 12th sale. 53 November 26th - Sold 888 Base Level Clocks to Mountain Meadows Retail at $32.99/ unit 54 on account, terms 2/10,n/30. 55 November 30th - Paid utilities, $2,700. 56 November 30th - Refilled office supplies for $270, paid cash. 57 November 30th - Accumulated depreciation of $833 on merchandising furniture and equipment. 58 November 30th - Counted office supplies, valued at $1,348. 59 November 30th - Physical inventory count yielded 1,192 Base Level Clocks, 547 Mid Level Clocks, Ready Accessibility: Good to go Ready IV Accessibility: Good to go (1) 62F Sunny \begin{tabular}{l} \multicolumn{1}{|l|}{\begin{tabular}{|l|r|} \hline Accumulated depreciation \\ \hline \end{tabular}} \\ \hline \end{tabular} \begin{tabular}{l} \multicolumn{2}{|c|}{ Sales Revenue } \\ \hline \end{tabular} \langle angle Directions Inventory Records Non-Closing Journal Entries Ready If Accessibility: Good to go
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