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The adjusted trial balance columns of the worksheet for Monty Company are as follows. Monty Company Worksheet (Partial) For the Month Ended April 30, 2022
The adjusted trial balance columns of the worksheet for Monty Company are as follows. Monty Company Worksheet (Partial) For the Month Ended April 30, 2022 Adjusted Trial Balance Account Titles Dr. Cr. Cash 10,000 Accounts Receivable 7,000 Prepaid Rent 2,060 Equipment 23,300 Accumulated Depreciation-Equip. 4,500 Notes Payable 5,700 Accounts Payable 5,500 Common Stock 19,640 Retained Earnings 8,000 Dividends 3,800 Service Revenue 15,000 Salaries and Wages Expense 10.680 Rent Expense 750 Depreciation Expense 750 Interest Expense 80 Interest Payable 80 Totals 58.420 58.420 Journalize the closing entries at April 30. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) urnalize the closing entries at April 30. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation (1) Apr. 30 (To close revenue account) (2) Apr. 30 (3) Apr. 30 (4) Apr. 30 (To close expense accounts) (To close net income/(loss)) (To close dividends) eTextbook and Media Debit Credit 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.) Income Summary Retained Earnings Prepare a post-closing trial balance at April 30. MONTY COMPANY Post-Closing Trial Balance Totals eTextbook and Media $ Debit $ $ Credit $
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