Prepare a post-closing trial balance

DESCRIPTION WORKSHEET UNADJUSTED ADJUSTMENTS TRIAL BALANCE DEBIT CREDIT DEBIT CREDIT 274650 20550 18835 10720 7595 21300 19090 284000 117200 16750 ADJUSTED TRIAL BALANCE DEBIT CREDIT 274650 2015 3125 2210 284000 133950 400000 400000 115500 35750 151250 25620 1160 1230 1750 1160 1230 1750 1500 3780 2280 Cash Concessions Inventory Supplies Inventory Prepaid Stadium Rental Equipment Accumulated Depreciation, Equipment Building Accumulated Depreciation, Building Accounts Payable Wages Payable Utilities Payable Interest Payable Unearned Admissions Revenue Long-Term Notes Payable Common Stock Retained Earnings Dividends Admissions Revenue Concessions Revenue Wages Expense Stadium Rental Expense Concessions Expense Supplies Expense Utilities Expense Advertising Expense Maintenance Expense Depreciation Expense, Equipment Depreciation Expense, Building Interest Expense 76500 76000 280860 76500 76000 280860 7600 7600 2280 562260 569250 564540 569250 462120 187000 118230 1160 19090 18835 7595 1230 463280 206090 136765 7595 17830 8800 15400 16750 16600 8800 15400 16750 35750 35750 1750 1750 1826970 1826970 Totals 104440 104440 1883.610 1857990 274650 2015 3125 2210 284000 400000 2280 968280 XYZ FOOTBALL CLUB BALANCE SHEET DECEMBER 31, 2019 Assets Cash Concession Inventory Supplies Inventory Prepaid Stadium Rental Equipment Building Admission Revenue Total Liabilities Common Stock Retained Earnings Stadium Rental Expense Concession Expenses Supplies Expenses Utilities Expenses Long Term Notes Payable Accumulated Depreciation Equipment Wages Payable Utilities Payable Interest Payable Accounts Payable Unlearned Admission Revenue Interest Expenses Accumulated Depreciation Building Totals 76000 450720 19090 18835 7595 1230 76600 133950 1160 1230 1750 25620 1500 1750 151250 968280 Econ 2: Untitled docum.....pdf INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2019 569250 569250 1500 19090 1159090 debit credit revenue Admission Revenue Concessional Revenue Unearned Admission Revenue Prepaid Stadium Rental Total Revenue Expenses: Concession Inventory Supplies Inventory Prepaid Stadium Rental Ace. Depreciation Equipment Acc. Depreciation Building Wage Expense Stadium Rental Expense Concession Expenses Supplies Expenses Utilities Expenses Advertise Expenses Dividends Maintenance Expense Interest Expense Total Expenses Totals Net Profit Loss 18835 7595 19090 16750 35750 463280 206090 136765 7595 17830 8800 7600 15400 15400 976,780 21331160 191250 XYZ FOOTBALL CLUB RETAINED EARNINGS STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2019 opening balance, retained earnings 280860 add: Net Income 223780 504640 7600 497040 Less:Dividend Declared Closing balance retained carnings