Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

requirements are closing entries, post closing entries, opening entries and reversing entries, please help me. I will hit upvote button Answer 835,500 Cash Accounts receivables

image text in transcribedrequirements are closing entries, post closing entries, opening entries and reversing entries, please help me. I will hit upvote button

Answer 835,500 Cash Accounts receivables Purchases Utilty expense Supplies Equipment Licence and permits Prepaid rent Freight in Owners capital Purchase returns Accounts payable Sales revenue Bank loan Notes payable Unearned revenue Purchase discount Prepaid advertising Furniture Computer Freight out Sales return and allowances Sales salaries expenses Office salaries expenses Drawings Delivery van Sales discount Notes receivable Prepaid insurance Cost of goods sold Inventory Rent expense Depreciation expense-equipment Accumulated depreciation - equipment Supplies expense Advertising expense Depreciation expense-furniture Accumulated depreciation - furniture Interest expense Interest payable Depreciation expense-delivery van Accumulated depreciation - delivery van Interest receivable Interest revenue Insurance expense Rent revenue Bad debt expense Provison for bad debts Total Net income Total Ween trading Worksheet As on June 30 Unadjusted trial balance Adjustments Adjusted trial balance Income statement Balance sheet Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit 19,700 19,700 19,700 44,000 44,000 44,000 119,200 119,200 119,200 20,500 20,500 20,500 1,250 1,000 250 250 48,000 48,000 48,000 1,260 1,260 1,260 45,000 15,000 30,000 30,000 2,400 2,400 2,400 75,000 75,000 75,000 8,500 8,500 8,500 835,500 835,500 290,560 290,560 290,560 200,000 200,000 200,000 8,000 8,000 8,000 4,000 2,000 2,000 2,000 600 600 600 10,000 5,000 5,000 5,000 40,000 40,000 40,000 75,000 75,000 75,000 3,120 3,120 3,120 11,700 11,700 11,700 24,000 24,000 24,000 33,000 33,000 33,000 22,000 22,000 22,000 850,000 850,000 850,000 2,030 2,030 26,000 26,000 26,000 2,000 22,000 22,000 10,900 10,900 10,900 10,900 (10,900) ) (10,900) 15,000 15,000 15,000 1,025 1,025 1,025 1,025 1,025 1,025 1,000 1,000 1,000 5,000 5,000 5,000 330 330 330 330 330 330 20 20 20 20 20 20 7,000 7,000 7,000 7,000 7,000 7,000 15 15 15 15 15 15 2,000 2,000 2,000 2,000 2,000 2,000 1,410 1,410 1,410 1,410 1,410 (1,410) 1,422,160 1,422,160 45,700 45,700 1,431,960 1,431,960 259,635 301,675 1,170,915 1,128,875 42,040 42,040 301,675 301,675 1,170,915 1,170,915 2,030 24,000 If you have any doubts, feel free to ask in the comment box. Please upvote if the solution helped you. Answer 835,500 Cash Accounts receivables Purchases Utilty expense Supplies Equipment Licence and permits Prepaid rent Freight in Owners capital Purchase returns Accounts payable Sales revenue Bank loan Notes payable Unearned revenue Purchase discount Prepaid advertising Furniture Computer Freight out Sales return and allowances Sales salaries expenses Office salaries expenses Drawings Delivery van Sales discount Notes receivable Prepaid insurance Cost of goods sold Inventory Rent expense Depreciation expense-equipment Accumulated depreciation - equipment Supplies expense Advertising expense Depreciation expense-furniture Accumulated depreciation - furniture Interest expense Interest payable Depreciation expense-delivery van Accumulated depreciation - delivery van Interest receivable Interest revenue Insurance expense Rent revenue Bad debt expense Provison for bad debts Total Net income Total Ween trading Worksheet As on June 30 Unadjusted trial balance Adjustments Adjusted trial balance Income statement Balance sheet Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit 19,700 19,700 19,700 44,000 44,000 44,000 119,200 119,200 119,200 20,500 20,500 20,500 1,250 1,000 250 250 48,000 48,000 48,000 1,260 1,260 1,260 45,000 15,000 30,000 30,000 2,400 2,400 2,400 75,000 75,000 75,000 8,500 8,500 8,500 835,500 835,500 290,560 290,560 290,560 200,000 200,000 200,000 8,000 8,000 8,000 4,000 2,000 2,000 2,000 600 600 600 10,000 5,000 5,000 5,000 40,000 40,000 40,000 75,000 75,000 75,000 3,120 3,120 3,120 11,700 11,700 11,700 24,000 24,000 24,000 33,000 33,000 33,000 22,000 22,000 22,000 850,000 850,000 850,000 2,030 2,030 26,000 26,000 26,000 2,000 22,000 22,000 10,900 10,900 10,900 10,900 (10,900) ) (10,900) 15,000 15,000 15,000 1,025 1,025 1,025 1,025 1,025 1,025 1,000 1,000 1,000 5,000 5,000 5,000 330 330 330 330 330 330 20 20 20 20 20 20 7,000 7,000 7,000 7,000 7,000 7,000 15 15 15 15 15 15 2,000 2,000 2,000 2,000 2,000 2,000 1,410 1,410 1,410 1,410 1,410 (1,410) 1,422,160 1,422,160 45,700 45,700 1,431,960 1,431,960 259,635 301,675 1,170,915 1,128,875 42,040 42,040 301,675 301,675 1,170,915 1,170,915 2,030 24,000 If you have any doubts, feel free to ask in the comment box. Please upvote if the solution helped you

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial And Accounting Principles In Islamic Finance

Authors: Samir Alamad

1st Edition

3030162982, 9783030162986

More Books

Students also viewed these Accounting questions

Question

discuss what an intervention is in relation to work psychology;

Answered: 1 week ago