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Please help me post this post-closing trial balance, thank you! Flounder Company had the following adjusted trial balance. Flounder Company Adjusted Trial Balance For the
Please help me post this post-closing trial balance, thank you!
Flounder Company had the following adjusted trial balance. Flounder Company Adjusted Trial Balance For the Month Ended June 30, 2022 Adjusted Trial Balance Account Titles Debit Credit Cash $3,570 Accounts Receivable 4,080 Supplies 520 Accounts Payable $1,850 Unearned Service Revenue 180 Common Stock 3,590 Retained Earnings 1,500 Dividends 460 Service Revenue 5,100 Salaries and Wages Expense 1,500 Miscellaneous Expense 340 Supplies Expense 2,400 Salaries and Wages Payable 650 $12,870 $12,870 Prepare closing entries at June 30, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit June 30 Service Revenue 5100 Income Summary 5100 (To close revenue account) June 30 Income Summary 4240 Salaries and Wages Expense 1500 Miscellaneous Expense 340 Supplies Expense 2400 (To close expense accounts) June 30 Income Summary 860 Retained Earnings 860 (To close net income / (loss)) June 30 Retained Earnings 460 Dividends 460 (To close dividends) Prepare a post-closing trial balance. Flounder Company Post-Closing Trial Balance V Debit Credit $ Totals $ $Step by Step Solution
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