BERE COMPANY

Trial Balance

August 31, 2014

Before After

Adjustment Adjustment

Dr. Cr. Dr. Cr.

Cash $10,900 $10,900

Accounts Receivable 8,800 9,400

Supplies 2,500 500

Prepaid Insurance 4,000 2,500

Equipment 16,000 16,000

Accumulated Depreciation Equipment $ 3,600 $4,800

Accounts Payable 5,800 5,800

Salaries and Wages Payable 0 1,100

Unearned Rent Revenue 1,800 800

Common Stock 10,000 10,000

Retained Earnings 5,500 5,500

Dividends 2,800 2,800

Service Revenue 34,000 34,600

Rent Revenue 12,100 13,100

Salaries and Wages Expense 17,000 18,100

Supplies Expense 0 2,000

Rent Expense 10,800 10,800

Insurance Expense 0 1,500

Depreciation Expense 0 1,200

$72,800 $72,800 $75,700 $75,700

E4-18 The adjusted trial balance for Bere Company is given

Instructions

Prepare the closing entries for the temporary accounts on August 31.