Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The adjusted trial balance columns of the worksheet for Marigold Companxare as follows. begin{tabular}{|c|c|c|} hline multicolumn{3}{|c|}{MarigoldCompanyWorksheet(Partial)FortheMonthEndedApril30,2022} hline multirow[b]{2}{*}{ Account Titles } & multicolumn{2}{|c|}{AdjustedTrialBalance}

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
The adjusted trial balance columns of the worksheet for Marigold Companxare as follows. \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{MarigoldCompanyWorksheet(Partial)FortheMonthEndedApril30,2022} \\ \hline \multirow[b]{2}{*}{ Account Titles } & \multicolumn{2}{|c|}{AdjustedTrialBalance} \\ \hline & Dr. & Cr. \\ \hline Cash & 11,500 & \\ \hline Accounts Receivable & 8,120 & \\ \hline Prepaid Rent & 2,460 & \\ \hline Equipment & 22,800 & = \\ \hline Accumulated Depreciation-Equip. & & 5,000 \\ \hline Notes Payable & & 5,800 \\ \hline Accounts Payable & & 5,500 \\ \hline Common Stock & & 19,280 \\ \hline Retained Earnings & & 8,950 \\ \hline Dividends & 3,550 & \\ \hline Service Revenue & & 16,000 \\ \hline Salaries and Wages Expense . & 10,600 & \\ \hline Rent Expense & 750 & \\ \hline Depreciation Expense & 750 & \\ \hline Interest Expense & 80 & \\ \hline Interest Payable & & 80 \\ \hline Totals & 60,610 & 60,610 \\ \hline \end{tabular} alize the closing entries at April 30. (Credit account titles are automatically indented when int is entered. Do not indent manually.) Post the closing entries to Income Summary and Retained Earnings. (Post entries in the order of journal entries were recorded in the previous part of the question.) MARIGOLD COMPANY Post-Closing Trial Balance Debit $ Credit $ $ Totals

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Algorithms Understanding Algorithmic Systems From The Outside In Foundations And Trends

Authors: Danaƫ Metaxa, Joon Sung Park, Ronald E Robertson, Karrie Karahalios, Christo Wilson, Jeff Hancock, Christian Sandvig

1st Edition

1680839160, 978-1680839166

More Books

Students also viewed these Accounting questions