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QUESTION 1: Please specify out by credit & debit Macro Company has the following adjusted accounts and balances at June 30: Accounts Payable $ 320

QUESTION 1: Please specify out by credit & debit

Macro Company has the following adjusted accounts and balances at June 30:

Accounts Payable $ 320
Accounts Receivable 570
Accumulated Amortization 170
Accumulated Depreciation 270
Amortization Expense 40
Cash 1,040
Common Stock 400
Deferred Revenue 120
Depreciation Expense 60
Equipment 1,420
Income Tax Expense 130
Income Tax Payable 50
Interest Expense 200
Notes Payable (long-term) 1,320
Office Expense 840
Prepaid Rent 60
Rent Expense 420
Retained Earnings 140
Salaries and Wages Expense 680
Sales Revenue 3,620
Software 220
Supplies 730

Required:

Prepare an adjusted trial balance for Macro Company at June 30.

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Question 2:

[The following information applies to the questions displayed below.]

Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Assume the year ended on September 30, 2021.

Accounts Payable $ 610
Accounts Receivable 310
Accumulated Depreciation 910
Cash 310
Common Stock 210
Deferred Revenue 210
Depreciation Expense 310
Equipment 3,210
Income Tax Expense 310
Interest Revenue 110
Notes Payable (long-term) 210
Notes Payable (short-term) 510
Prepaid Rent 110
Rent Expense 410
Retained Earnings 1,510
Salaries and Wages Expense 2,210
Service Revenue 6,230
Supplies 510
Supplies Expense 210
Travel Expense 2,610

-a. Prepare an adjusted trial balance at September 30, 2021. 1-b. Is the Retained Earnings balance of $1,510 the amount that would be reported on the balance sheet as of September 30, 2021?

image text in transcribedimage text in transcribed

Question 3:

Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Assume the year ended on September 30, 2021.

Accounts Payable $ 610
Accounts Receivable 310
Accumulated Depreciation 910
Cash 310
Common Stock 210
Deferred Revenue 210
Depreciation Expense 310
Equipment 3,210
Income Tax Expense 310
Interest Revenue 110
Notes Payable (long-term) 210
Notes Payable (short-term) 510
Prepaid Rent 110
Rent Expense 410
Retained Earnings 1,510
Salaries and Wages Expense 2,210
Service Revenue 6,230
Supplies 510
Supplies Expense 210
Travel Expense 2,610

  1. Prepare the closing entry required at September 30, 2021. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

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Question 4:

Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Assume the year ended on September 30, 2021.

Accounts Payable $ 610
Accounts Receivable 310
Accumulated Depreciation 910
Cash 310
Common Stock 210
Deferred Revenue 210
Depreciation Expense 310
Equipment 3,210
Income Tax Expense 310
Interest Revenue 110
Notes Payable (long-term) 210
Notes Payable (short-term) 510
Prepaid Rent 110
Rent Expense 410
Retained Earnings 1,510
Salaries and Wages Expense 2,210
Service Revenue 6,230
Supplies 510
Supplies Expense 210
Travel Expense 2,610

image text in transcribed Adjusted Trial Balance Prenare an adiusted trial balance at Sentember 30. 2021. Is the Retained Earnings balance of $1,510 the amount that would be reported on the balance sheet as of September 30 , 2021? \begin{tabular}{l} \hline Yes \\ \hline No \\ \hline \end{tabular} Record the closing entry required at September 30, 2021. Note: Enter debits before credits. 3. Prepare a post-closing trial balance at September 30, 2021

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