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Please answer this question FAST!!! Thank you so much!!! Check my Required Information PA4-1 (Algo) Preparing a Trial Balance, Closing Journal Entry, and Post-Closing Trial
Please answer this question FAST!!!
Check my Required Information PA4-1 (Algo) Preparing a Trial Balance, Closing Journal Entry, and Post-Closing Trial Balance [LO 4-3, LO 4-5) 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 debitor credit balances. Assume the year ended on September 30, 2021 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 $ 609 309 909 309 209 209 309 3,209 309 109 209 509 109 409 1.509 2,209 6,227 509 209 2,609 PA4-1 (Algo) Part 1 CD 7 Required: 1-a. Prepare an adjusted trial balance at September 30, 2021 1-b. Is the Retained Earnings balance of $1,509 the amount that would be reported on the balance sheet as of September 30, 2021? Complete this question by entering your answers in the tabs below. Req1A Reg 18 Prepare an adjusted trial balance at September 30, 2021. STARBOOKS CORPORATION Adjusted Trial Balance Dobit Credit Account Tities Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Deferred Revenue Notes Payable (short-term) Notes Payable (long-term) Common Stock STARBOOKS CORPORATION Adjusted Trial Balance Account Titles Debit Credit 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 $ 0 $ $ Required: 1-a. Prepare an adjusted trial balance at September 30, 2021. 1-b. Is the Retained Ernings balance of $1,509 the amount that would be reported on the balance sheet as of September 30, 2021? Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Is the Retained Earnings balance of $1,509 the amount that would be reported on the balance sheet as of September 30, 2021? Yes OD No C 2. Prepare the closing entry required at September 30, 2021. (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 1 > Record the closing entry required at September 30, 2021. Note: Enter debits before credits Date General Journal Debit Credit September 30, 2021 3. Prepare a post-closing trial balance at September 30, 2021. STARBOOKS CORPORATION Post-closing Trial Balance Account Titles Debit Credit Cash -S 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 Thank you so much!!!
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