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Please answer the question # E4.9 D 101 112 1 E4.8 (LO 2), AP Plevin Company ended its fiscal year on July 31, 2022. The
Please answer the question # E4.9
D 101 112 1 E4.8 (LO 2), AP Plevin Company ended its fiscal year on July 31, 2022. The company's adjusted trial balance as of the end of its fiscal year is shown as follows. Plevin Company Adjusted Trial Balanc July 31, 2022 No. Account Titles Cash Accounts Receivable 157 Equipment 158 Accumulated Depreciation-Equip. Accounts Payable Unearned Rent Revenue 311 Common Stock 320 Retained Earnings Dividends 400 Service Revenue 429 Rent Revenue 711 Depreciation Expense 726 Salaries and Wages Expense 732 Utilities Expense $12 201 208 332 14 : 5 1 Instructions a. Prepare the closing entries using page J15. b. Post to the Retained Earnings and No. 350 Income Summary accounts. (Use the three- column form.) c. Prepare a post-closing trial balance at July 31. Prepare financial statements. E4.8 (LO 2), AP Plevin Company ended its fiscal year on July 31, 2022. The company's adjusted trial balance as of the end of its fiscal year is shown as follows. Plevin Company djusted Trial Balance July 31, 2022 t Titles Debit Credit $ 9,840 teceivable 8,780 15,900 ed $ 7,400 on-Equip. "ayable 4,220 Rent 1,800 tock arnings 20,000 25,200 16,000 64,000 6,500 Tenue nue on Expense d Wages 8,000 55,700 pense 14,900 $129,120 $129,120 Instructions a. Prepare the closing entries using page J15. b. Post to the Retained Earnings and No. 350 Income Summary accounts. (Use the three- column form.) c. Prepare a post-closing trial balance at July 31. Prepare financial statements. E4.9 (LO 4), AP The adjusted trial balance for Plevin Company is presented in E4.8. Instructions a. Prepare an income statement and a retained earnings statement for the year. b. Prepare a classified balance sheet at July 31. Answer questions related to the accounting cycle Step by Step Solution
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