Question
Prepare post-closing trial balance. Check Figures: Adjustment Amount $5766.67, Net Income $49,408.33 Record the following transactions to the journal and post it to the T-accounts.
Prepare post-closing trial balance.
Check Figures: Adjustment Amount $5766.67, Net Income $49,408.33
Record the following transactions to the journal and post it to the T-accounts. Make a footing and get the ending balance of each account. Prepare your trial balance in the worksheet template.
December 2021
2 Paid wages from last month $1,500.
4 additional investment of $5,000 from S. Joes savings account.
10 Collected $1,500 from fees earned previously.
15 Billed client for services rendered, $1,500
20 Paid wages expense $ 1,800.
23 Received telephone bill to be paid later, $150
25 Provided cleaning services in cash $1,000.
26 Purchase cleaning supplies on account $ 1,200.
27 Payment of accounts payable $1,000.
28 Paid gasoline $500.
Record the following in the adjustment journal template then post it to the T-accounts.
additional information for adjustments for December 31, 2021.
Unexpired prepaid rent is $750.
The annual prepaid insurance was paid Nov. 1 $2,500. Record the expired portion.
Cleaning supplies on hand, $3,200.
Depreciation expense office equipment, $110.
Cleaning Equipment original cost $12,000 with a residual value $800, useful life is 5 years. Record the annual depreciation expense.
Record the vehicle depreciation expense $300.
Accrued wages $ 950.
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