Question
The adjusted trial balance of ZHILIK COMPANY appears below. Using the information from the adjusted trial balance, you are to prepare for the month ending
The adjusted trial balance of ZHILIK COMPANY appears below. Using the information from the adjusted trial balance, you are to prepare for the month ending December 31:
- an income statement. - 8 POINTS
- a statement of owners quity. - 5 POINTS
- a balance sheet. - 8 POINTS
- CLOSING ENTRY - 8 POINTS
- POST CLOSING TRIAL BALANCE - 6 POINTS
ZHILIK COMPANY
Adjusted Trial Balance
December 31, 2020
Debit Credit
Cash .................................................................................................. $ 4,400
Accounts Receivable......................................................................... 2,200
Office Supplies.................................................................................. 1,800
Office Equipment.............................................................................. 15,000
Accumulated DepreciationOffice Equipment................................ $ 4,000
Accounts Payable.............................................................................. 3,800
Unearned Revenue........................................................................... 5,000
OWNERS CAPITAL............................................................................. 14,400
OWNERS DRAWING........................................................................ 2,500
Service Revenue............................................................................... 3,700
Office Supplies Expense................................................................... 600
Depreciation Expense....................................................................... 2,500
Rent Expense.................................................................................... 1,900 ______
$30,900 $30,900
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