Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ries, sanoon ng DOR E4.87L02) Huang Automotive ended its fiscal year on July 31, 2020. The company's adjusted trial bal- ance as of the end

image text in transcribedimage text in transcribed

ries, sanoon ng DOR E4.87L02) Huang Automotive ended its fiscal year on July 31, 2020. The company's adjusted trial bal- ance as of the end of its fiscal year is as follows. orgalom 157 Equipment Huang Automotive Adjusted Trial Balance 315 July 31, 2020 Account Titles Debit Credit) NT$ 9,840 Accounts Receivable 8,780 15,900 Accumulated Depreciation-Equip. NT$ 7,400 bs Accounts Payable to do so 4,220 Unearned Rent Revenue 1,800 Share Capital-Ordinary 20,000 320 Retained Earnings 25,200 Dividends 16,000 400 Service Revenue 64,000 429 Rent Revenue 6,500 Depreciation Expense 8,000 Salaries and Wages Expense 55,700 732 Utilities Expense 14,900 100 g NT$129,120 NT$129,120 No. 101 Cash 112 158 201 208 311 332 711 726 Instruccions a. Prepare the closing entries using page J15. motor bodo b. Post to Retained Earnings and No. 350 Income Summary accounts. (Use the three-column form.) c. Prepare a post-closing trial balance at July 31. ogno Prepar

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

Audit Marketing

Authors: Bruno Camus

1st Edition

2708108735, 978-2708108738

More Books

Students also viewed these Accounting questions

Question

What is meant by 'Wealth Maximization ' ?

Answered: 1 week ago