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Sunland Company ended its fiscal year on July 31, 2022. The company's adjusted trial balance as of the end of its fiscal year is
Sunland Company ended its fiscal year on July 31, 2022. The company's adjusted trial balance as of the end of its fiscal year is as follows. Sunland Company Adjusted Trial Balance July 31, 2022 No. Account Titles 101 Cash 112. Accounts Receivable 157 Equipment Debit Credit $9,300 8,900 16.100 158 Accumulated Depreciation-Equip $7.200 201 Accounts Payable 4.100 208 Unearned Rent Revenue 1,600 301 Owner's Capital 46,200 306 Owner's Drawings 16,400 400 Service Revenue. 63.800 429 Rent Revenue 6,700 711 Depreciation Expense 7,500 726 Salaries and Wages Expense 56,400 732 Utilities Expense 15,000 $129,600 $129,600 W S New Placent 88 Stavel Open Post to Owner's Capital and Income Summary accounts. (Post entries in the order of journal entries presented in the previous part. Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses e.g. (45).) Date Explanation July 31 July 31 July 31 Balance Close Net Income/Loss Close Drawings Date Explanation July Close Revenues 31 July Close Expenses 31 July Close Net Income/Loss: 31 Owner's Capital Debit Credit No. 301 Balance Income Summary No. 350 Debit Credit Balance Totals SUNLAND COMPANY Post-Closing Trial Balance July 31, 2022 Debit Credit
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