Question 8 View Policies Current Attempt in Progress Marigold Company ended its fiscal year on July 31, 2019. The company's adjusted trial balance as of the end of its fiscal year is shown below. Marigold Company Adjusted Trial Balance July 31, 2019 No. Account Titles Debit Credit 101 Cash $8.500 112 Accounts Receivable 9,200 157 Equipment 16,200 $7.900 158 Accumulated Depreciation--Equip. 4.900 201 Accounts Payable 2.000 208 Unearned Rent Revenue 18.500 18.500 311 Common Stock 25,900 320 Retained Earnings 16,500 332 Dividends K 158 Accumulated Depreciation-Equip. $7.900 201 Accounts Payable 4,900 208 Unearned Rent Revenue 2,000 311 Common Stock 18,500 320 Retained Earnings 25,900 332 Dividends 16,500 400 Service Revenue 65,000 429 Rent Revenue 6,100 8,600 711 Depreciation Expense 55,800 726 Salaries and Wages Expense 15.500 732 Utilities Expense $130,300 $130,300 Prepare the closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Credit Debit Date Account Titles and Explanation July 31 K Date Account Titles and Explanation Debit Credit July 31 (To dose revenue accounts) July 31 (To close expense accounts) July 31 (To close net income / (loss)) July 31 WOK X E Bussiness Plan - Google X VitalSource BooksheltX W Merosoft Word - Workx G Sign in Google Account /courses/1377185/assignments/6050016?module_item_id=14401505 (To dose expense accounts) July 31 (To dose net income / (loss)) July 31 (To close dividends) e Textbook and Media List of Accounts Post to the Retained Earnings and Income Summary accounts. (Post entries in the order of journal entries presented in the previous part. Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses es. (451) GS Doogle AccounX + "courses/1377185/assignments/6050016?module_item_id=14401505 PUSL UT retancu Carmani Come Summary accouTLS. TUSTE UUTUT JUUTIOTIES PUUTUREVIOUS Purch negative amounts using elther a negative sign preceding the number eg -45 or parentheses eg. (45)) Retained Earnings No. 320 Date Explanation Ref Debit Credit Balance July 31 J15 July 31 J15 July 31 315 No. 350 Income Summary Balance Credit Debit Date Ref Explanation J15 July 31 v J15 July 31 J15 July 31 e Textbook and Media List of Accounts LLUI MLcounts Prepare a post-closing trial balance at July 31. Marigold Company Post-Closing Trial Balance Debit Credit $ Question 8 View Policies Current Attempt in Progress Marigold Company ended its fiscal year on July 31, 2019. The company's adjusted trial balance as of the end of its fiscal year is shown below. Marigold Company Adjusted Trial Balance July 31, 2019 No. Account Titles Debit Credit 101 Cash $8.500 112 Accounts Receivable 9,200 157 Equipment 16,200 $7.900 158 Accumulated Depreciation--Equip. 4.900 201 Accounts Payable 2.000 208 Unearned Rent Revenue 18.500 18.500 311 Common Stock 25,900 320 Retained Earnings 16,500 332 Dividends K 158 Accumulated Depreciation-Equip. $7.900 201 Accounts Payable 4,900 208 Unearned Rent Revenue 2,000 311 Common Stock 18,500 320 Retained Earnings 25,900 332 Dividends 16,500 400 Service Revenue 65,000 429 Rent Revenue 6,100 8,600 711 Depreciation Expense 55,800 726 Salaries and Wages Expense 15.500 732 Utilities Expense $130,300 $130,300 Prepare the closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Credit Debit Date Account Titles and Explanation July 31 K Date Account Titles and Explanation Debit Credit July 31 (To dose revenue accounts) July 31 (To close expense accounts) July 31 (To close net income / (loss)) July 31 WOK X E Bussiness Plan - Google X VitalSource BooksheltX W Merosoft Word - Workx G Sign in Google Account /courses/1377185/assignments/6050016?module_item_id=14401505 (To dose expense accounts) July 31 (To dose net income / (loss)) July 31 (To close dividends) e Textbook and Media List of Accounts Post to the Retained Earnings and Income Summary accounts. (Post entries in the order of journal entries presented in the previous part. Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses es. (451) GS Doogle AccounX + "courses/1377185/assignments/6050016?module_item_id=14401505 PUSL UT retancu Carmani Come Summary accouTLS. TUSTE UUTUT JUUTIOTIES PUUTUREVIOUS Purch negative amounts using elther a negative sign preceding the number eg -45 or parentheses eg. (45)) Retained Earnings No. 320 Date Explanation Ref Debit Credit Balance July 31 J15 July 31 J15 July 31 315 No. 350 Income Summary Balance Credit Debit Date Ref Explanation J15 July 31 v J15 July 31 J15 July 31 e Textbook and Media List of Accounts LLUI MLcounts Prepare a post-closing trial balance at July 31. Marigold Company Post-Closing Trial Balance Debit Credit $
