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Problem 4 Okabe Company ended its fiscal year on July 31, 2017. The company's adjusted trial balance as of the end of its fiscal year
Problem 4 Okabe Company ended its fiscal year on July 31, 2017. The company's adjusted trial balance as of the end of its fiscal year is shown below OKABE COMPANY Adjusted Trial Balance July 31, 2017 Account Titles Credit Dehit 9,840 4,780 15,300 No. 101 112 157 15 201 200 301 10 $ 7,400 4220 As Receivable Fiquipment Accumulated Depreciation - Fiquip Act Payable Unsaned Hent Rev Owner's Capital Owner's wings Service Reven. Rent Rew Depreciation Expense Salaries and Wages Experte NDO 45.200 TADO 100 64,000 500 711 720 SEXO 55,700 14.60 $129,120 5119.12 (a) Prepare the closing entries b) Prepare a post-closing trial balance at July 31 (c) Prepare an income statement and an owner's equity statement for the year Okabe did not make any capital Investments during the year. (d) Prepare a classified balance sheet at July 31
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