Question
Squeaky Window Cleaning Co. has a fiscal year that begins on September 1. On August 30, 2020, an adjusted trial balance was prepared from the
Squeaky Window Cleaning Co. has a fiscal year that begins on September 1. On August 30,
2020, an adjusted trial balance was prepared from the ledger.
A. Prepare the financial statements (30 pts)
B. Journalize the closing entries. (12 pts)
C. Prepare the post-closing trial balance for Squeaky Window Cleaning Co.
(8 pts)
Squeaky Window Cleaning Co
Adjusted Trial Balance
For year ended August 30, 2022
Debit Credit
Cash $20,430
Accounts Receivable 21,900
Office Supplies 14,920
Prepaid Rent 27,000
Equipment 165,000
Accumulated Depreciation $11,100
Accounts Payable 5,200
Utilities Payable 5,875
Unearned Revenue 6,000
Interest Payable 150
Notes Payable 20,000
John Doe, capital 260,000
John Doe, withdrawal 40,510
Service Revenue 94,600
Rent Revenue 18,200
Wages Expense 58,200
Supplies Expense 18,480
Rent Expense 12,000
Electricity Expense 12,470
Telephone Expense 15,495
Depreciation Expense 11,100
Interest Expense 150
Miscellaneous Expense 3,470
Total $421,125 $421,125
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