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Prepare a post-closing trail balance at April 30. The adjusted trial balance columns of the worksheet for DeSousa Company are as follows. DeSousa Company Worksheet
Prepare a post-closing trail balance at April 30.
The adjusted trial balance columns of the worksheet for DeSousa Company are as follows. DeSousa Company Worksheet (Partial) For the Month Ended April 30, 2022 Adjusted Trial Balance Account Titles Dr. Cr. Cash 10,000 Accounts Receivable 7,840 Prepaid Rent 2,280 Equipment 23,050 4.921 Accumulated Depreciation-Equip. Notes Payable (due in October 2022) 5,700 Accounts Payable 4.920 Common Stock 20.000 7.960 Retained Earnings Dividends 3,650 Service Revenue 15,590 yable 4,YZU Common Stock 20,000 Retained Earnings 7,960 Dividends 3,650 Service Revenue 15,590 Salaries and Wages Expense 10,840 Rent Expense 760 Depreciation Expense 671 Interest Expense 57 A Interest Payable 57 Totals 59,148 59, 148 Journalize the closing entries at April 30. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) No. Date Account Titles and Explanation Debit Credit (1) Apr. 30 Service Revenue 15590 Income Summary 15590 (To dose revenue account) 12) Apr. 30 Income Summary 12328 Sand Was Expo 10940 Ron Expens 760 Delection (To close expense accounts) Apr 30 Incom 57 Interest Expense (To close expense accounts) 3262 (3) Apr. 30 Income Summary 3262 Retained Earnings (To close net income / (loss)) 3650 ( (4) Apr. 30 Retained Eacang 3650 Dividende (To close dividends) Income Summary (2) 4 12328 (1) 15590 (3) 3262 Bal. Retained Earnings 3650 Bal. 7960 (3) 3262 Bal. 7572 Prepare a post-closing trial balance at April 30. DESOUSA COMPANY Post-Closing Trial Balance Debit Credit I Totals Step by Step Solution
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