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Scoop Consulting Service's trial balance on December 31, 2014. is as follows. The company prepare the annual financial statement. Scoop Consulting Service Trial Balance December
Scoop Consulting Service's trial balance on December 31, 2014. is as follows. The company prepare the annual financial statement. Scoop Consulting Service Trial Balance December 31, 2014 Cash 19,250 Accounts Receivable 7,360 Office Supplies 2,861 Prepaid Rent 1,820 Office Equipment 9,240 Accumulated Depreciation Office Equipment 2,140 Accounts Payable 5,940 Notes Payable 11,000 Unearned Service Revenue 4,120 A. Chase, Capital 24,111 A. Chase, Withdrawals 22,000 Service Revenue 76,200 Salaries Expense 51,300 Rent Expense 5,400 Utilities Expense 4,280 123,511 123,511 The following information is also available: c. Accrued interest expense (5% per year) of note payable at the end of the period b. Prepaid rent expired, S 930 c. Office supplies on hand. $725 d. Depreciation of Equipment for the year. 350 e. Service revenue still unearned at the end of the period, $2.000 f.December 31 is a Tuesday, and employees are paid on Fridays. The company has two employees, who are paid $940 each for a 5-day work week. g. Service revenue earned but unrecorded. $3,500 Required: i. Record transactions in General Journal 2. Post the transactions to General Ledgers (T accounts) 3. Prepare Adjusted Trial Balance for December, 2014 4. Prepare the worksheet for December, 2014 5. Prepare Income Statement, Statement of Retained Earning and Statement of Financial Position 6. Prepare closing entries for December, 2014 7. Post the closing entries to General Ledgers (T accounts) 8. Prepare post-closing Trial Balance for December, 2014
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