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Please solve until 23.00 Balance Account Titie Crodit Cash Accounts Office Suppl Prepaid Builiding Accounts Payable Interest Payable Salaries Payable Unearned Revenue 19,500 8,600 Notes
Please solve until 23.00
Balance Account Titie Crodit Cash Accounts Office Suppl Prepaid Builiding Accounts Payable Interest Payable Salaries Payable Unearned Revenue 19,500 8,600 Notes Payable (long-term) Elias, Capital Elias, Withdrawals Service Reverue Insurance Expense Salaries Expense Supplies Expense Interest Expense Usiises Expense Depreciation Expense-Building Total Requirements 1. Prepare the company's income statement for the year ended June 30, 2016. 2. Prepare the company's statement of owner's equity for the year ended June 30, 2016. Assume that there were no contributions made by the owner during the year. 3. Prepare the company's classified balance sheet in report form at June 30, 2016. 4. Journalize the closing entries. 5. T-accounts have been opened using the balances from the adjusted trial balance. Post the closing entries to the T-accounts. 6. Prepare the company's post-closing trial balance at June 30, 2016 . Balance Account Titie Crodit Cash Accounts Office Suppl Prepaid Builiding Accounts Payable Interest Payable Salaries Payable Unearned Revenue 19,500 8,600 Notes Payable (long-term) Elias, Capital Elias, Withdrawals Service Reverue Insurance Expense Salaries Expense Supplies Expense Interest Expense Usiises Expense Depreciation Expense-Building Total Requirements 1. Prepare the company's income statement for the year ended June 30, 2016. 2. Prepare the company's statement of owner's equity for the year ended June 30, 2016. Assume that there were no contributions made by the owner during the year. 3. Prepare the company's classified balance sheet in report form at June 30, 2016. 4. Journalize the closing entries. 5. T-accounts have been opened using the balances from the adjusted trial balance. Post the closing entries to the T-accounts. 6. Prepare the company's post-closing trial balance at June 30, 2016 Step by Step Solution
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