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Please help. Our book doesn't have solutions and I want to make sure I'm doing all of this right. Thanks! Exercise 4-10 Entering data for
Please help. Our book doesn't have solutions and I want to make sure I'm doing all of this right. Thanks!
Exercise 4-10 Entering data for closing entries and a post-closing trial balance P2 P3 The adjusted trial balance for Salon Marketing Co. follows. Complete the four right-most columns of the table by (1) entering information for the four closing entries (keyed / through 4) in the middle columns and (2) completing the post-closing trial balance columns. No. Adjusted Trial Balance Closing Entry Information Post-Closing Trial Balance Account Title Cr. Dr. Cr. Dr. Cr. $ Dr. 9,200 25,000 42,000 101 106 153 154 183 201 $ 17,500 31,000 209 15,000 4,200 3,600 68,500 Cash ................. Accounts receivable.......... Equipment. Accumulated depreciation-Equipment... Land Accounts payable..... Salaries payable.... Unearned fees E. Salon, Capital ........... E. Salon, Withdrawals.... Marketing fees earned. ... ...... Depreciation expense-Equipment....... Salaries expense .... Rent expense Miscellaneous expenses ... Income summary ... Totals. ........ 233 301 302 401 611 622 640 15,400 80,000 12,000 32,500 13,000 8,700 677 901 $188,800 $188,800Step by Step Solution
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