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Required information [The following information applies to the questions displayed below.] Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified
Required information [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 debitor credit balances. Assume the year ended on September 30, 2018. Accounts Payable $ 600 Accounts Receivable 300 Accumulated Depreciation 900 Cash 300 Common Stock 200 Deferred Revenue 200 Depreciation Expense 300 Equipment 3,200 Income Tax Expense 300 Interest Revenue 100 Notes Payable (long-term) 200 Notes Payable (short-term) 500 Prepaid Rent 100 Rent Expense 400 Retained Earnings 1,500 Salaries and Wages Expense 2,200 Service Revenue 6,200 Supplies 500 Supplies Expense 200 Travel Expense 2,600 3. Prepare a post-closing trial balance at September 30, 2018, 200 Answer is complete but not entirely correct. STARBOOKS CORPORATION Post-closing Trial Balance At September 30, 2018 Account Titles Debit Credit Cash $ 300 Accounts Receivable 300 Supplies 500 Prepaid Rent 100 Equipment 3,200 Accumulated Depreciation 900 Accounts Payable 600 Deferred Revenue Notes Payable (short-term) Notes Payable (long-term) 200 200 200 Common Stock 200 Retained Earnings 400 1,500 Service Revenue 6,200 Interest Revenue 100 Travel Expense 2,600X Salaries and Wages 2,200% Expense Rent Expense 400X Depreciation Expense 300X Supplies Expense Income Tax Expense 300X Totals $ 7,800 13,000 500 200 x
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