Question
The adjusted trial balance shown bel ow is for Smith Company at the end of its fiscal year: SMITH COMPANY Adjusted Trial Balance December 31,
The adjusted trial balance shown bel
ow is for
Smith
Company at the end of its fiscal year:
SMITH
COMPANY
Adjusted Trial Balance
December 31, 201
7
________________________________
________________________________
___________
Debit
Credit
Cash
................................
................................
................................
...
$ 15,400
Accounts Receivable
................................
................................
...........
2,200
Supplies
................................
................................
..............................
1,800
Equipment
................................
................................
...........................
15,500
Accumulated Depreciation
Equipment
................................
..............
$ 4,000
Accounts Paya
ble
................................
................................
...............
3,000
Unearned Service Revenue
................................
................................
5,000
Common Stock
................................
................................
....................
15,000
Retained Earnings
................................
................................
..............
7,400
Dividends
................................
................................
............................
3,500
Service Revenue
................................
................................
.................
9,500
Supplies Expense
................................
................................
...............
1,100
Depreciation Expense
................................
................................
.........
2,500
Rent Expense
................................
................................
.....................
1,900
$43,900
$43,900
Instructions:
Prepare the closing
journal
entries for the temporary accounts at
December
31.
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1st Edition
0367203634, 978-0367203634
