Question
The adjusted trial balance at April 30, 2020, for Zhang Co. follows. DebitCredit101Cash$4,300106Accounts receivable9,200153Trucks29,500154Accumulated depreciation, trucks$8,950193Franchise13,900201Accounts payable10,300209Salaries payable3,900233Unearned revenue1,200301Angel Zhang, capital32,700302Angel Zhang, withdrawals10,300401Plumbing revenue45,550611Depreciation expense,
The adjusted trial balance at April 30, 2020, for Zhang Co. follows.
DebitCredit101Cash$4,300106Accounts receivable9,200153Trucks29,500154Accumulated depreciation, trucks$8,950193Franchise13,900201Accounts payable10,300209Salaries payable3,900233Unearned revenue1,200301Angel Zhang, capital32,700302Angel Zhang, withdrawals10,300401Plumbing revenue45,550611Depreciation expense, trucks5,600622Salaries expense18,500640Rent expense3,700677Advertising expense7,600901Income summaryTotals$102,600$102,600
1.Prepare the four closing entries.
2.Preparepost-closing trial balance.
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Financial And Managerial Accounting
Authors: Jan R. Williams, Joseph V. Carcello, Mark S. Bettner, Sue Haka, Susan F. Haka
14th International Edition
0071101217, 9780071101219
