Question
please help me prepare a post- closing trial balance and closing journal entries for the company. the account balances are: cash $6000, supplies $4000, equipment
please help me prepare a post- closing trial balance and closing journal entries for the company.
the account balances are:
cash $6000, supplies $4000, equipment $50,000, accumulated depreciation $12,000, accounts payable $5000, capital $20,000, drawings $12,000, admission revenue $60,000, popcorn revenue $37,000, candy revenue $19,000, advertising expense $12,000, supplies expense $19,000, depreciation expense $4000, film rental expense $16,000, rent expense $12,000, salaries expense $13,000, utilities expense $5000. Thanks, this is very helpful.
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