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The adjusted trial balance columns of the worksheet for Flounder Company are as follows. Flounder Company Worksheet (Partial) For the Month Ended April 30, 2019
The adjusted trial balance columns of the worksheet for Flounder Company are as follows. Flounder Company Worksheet (Partial) For the Month Ended April 30, 2019 Adjusted Trial Balance Account Titles r. Cr. Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation Equip. Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Service Revenue 11,000 7,980 2,500 22,950 4,500 5,700 5,000 21,230 7,400 3,300 16,000 Salaries and Wages Expense Rent Expense Depreciation Expense 10,600 750 750 Interest Expense 30 Interest Payable 30 Totals 59,860 59,860 Your answer is partially correct. Post the closing entries to Income Summary and Retained Earnings. (Post entries in the order of journal entries were recorded in the part of the question.) Income Summary Bal. Total 12130 Bal. 16,000 Bal. 3870 Total 16000 Total 16000 Retained Earnings Bal. 7400 Bal. 7,400 Bal. 3870 Bal. 3870 Total 3530 Bal. 3530
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