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SNAPPR PHOTOGRAPHY COMP. ADJUSTED TRIAL BALANCE, JANUARY 31,2018 Dr. Cr. CASH 15.030 ACCOUNTS RECEIVABLE 2.500 OFFICE SUPPLIES 2.500 PREPAID RENT 15.000 EQUIPMENT 150.000 ACCOUNTS PAYABLE

SNAPPR PHOTOGRAPHY COMP.

ADJUSTED TRIAL BALANCE, JANUARY 31,2018

Dr.

Cr.

CASH

15.030

ACCOUNTS RECEIVABLE

2.500

OFFICE SUPPLIES

2.500

PREPAID RENT

15.000

EQUIPMENT

150.000

ACCOUNTS PAYABLE

55.000

NOTES PAYABLE

42.730

COMMON STOCK

100.000

DIVIDEND

5.000

SERVICE REVENUE

10.600

WAGES EXPENSE

15.000

ELECTRICITY EXPENSE

3.000

GOOGLE FIBER (INTERNET PROVIDER) EXPENSE

300

208.330

208.330

Instructions :

(a) Post the transactions to ledger

(b) Prepare an income statement for January 31, 2018 (

(c) Prepare a retained earnings statement for January 31, 2018

(d) Prepare a balance sheet at January 31

(e) Prepare the closing entries using the ledger (choose a different color when closing the accounts, or identify them as closing entry)

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