The CompleteAccounting CycleWithout aWork Sheet: Two Months(second month optional)

Ledger balances on June 30 (after adjustmAccountBalanceAccounts Payable7,612Accumulated Depreciation-Repair Equipment280Advertising Expense120Cash8,662Depreciation Expense-Repair Equipment140Insurance Expense80L. Stoker, Capital10,362L. Stoker, Withdrawals600Prepaid Insurance800Repair Equipment8,400Repair Revenue3,462Repair Supplies826Repair Supplies Expense1,238Store Rent Expense850

Hide

12.Provide a posting reference once the amounts are posted to the appropriate ledgers in next section of this problem. For a compound transaction, if no entry is required, leave the box blank.

GENERAL JOURNAL

page6

DATEACCOUNTTITLEDOC.

NO.POST.

REF.DEBITCREDIT1

2014 Jun. 30

12

23

To close the revenue account

34

45

Jun. 30

56

67

78

89

910

1011

To close the expense accounts

1112

1213

Jun. 30

1314

1415

To close the Income Summary account

1516

1617

Jun. 30

1718

1819

To close the Withdrawals account

1920

20

Post the information above to the following ledger accounts. If no entry is required, leave the box blank. If a "Balance" is zero, then enter "0". When more than one entry occurs on a date, enter in the order given in the General Journal above.

ACCOUNTL. Stoker, CapitalACCOUNT NO.311

DATE

ITEMPOST.

REF.

DEBIT

CREDITBALANCEDEBITCREDIT2014May31Balance10,362June30Closing entryJ630Closing entryJ6

ACCOUNTL. Stoker, WithdrawalsACCOUNT NO.313

DATE

ITEMPOST.

REF.

DEBIT

CREDITBALANCEDEBITCREDIT2014June30Balance60030Closing entryJ6

ACCOUNTIncome SummaryACCOUNT NO.314

DATE

ITEMPOST.

REF.

DEBIT

CREDITBALANCEDEBITCREDIT2014June30Closing entryJ630Closing entryJ630Closing entryJ6

ACCOUNTRepair RevenueACCOUNT NO.411

DATE

ITEMPOST.

REF.

DEBIT

CREDITBALANCEDEBITCREDIT2014June30Balance3,46230Closing entryJ6

ACCOUNTStore Rent ExpenseACCOUNT NO.511

DATE

ITEMPOST.

REF.

DEBIT

CREDITBALANCEDEBITCREDIT2014June1Balance85030Closing entryJ6

ACCOUNTAdvertising ExpenseACCOUNT NO.512

DATE

ITEMPOST.

REF.

DEBIT

CREDITBALANCEDEBITCREDIT2014June20Balance12030Closing entryJ6

ACCOUNTInsurance ExpenseACCOUNT NO.513

DATE

ITEMPOST.

REF.

DEBIT

CREDITBALANCEDEBITCREDIT2014June30Balance8030Closing entryJ6

ACCOUNTRepair Supplies ExpenseACCOUNT NO.514

DATE

ITEMPOST.

REF.

DEBIT

CREDITBALANCEDEBITCREDIT2014June30Balance1,23830Closing entryJ6

ACCOUNTDepreciation ExpenseRepair EquipmentACCOUNT NO.515

DATE

ITEMPOST.

REF.

DEBIT

CREDITBALANCEDEBITCREDIT2014June30Balance14030Closing entryJ6

Hide

13.Prepare a post-closing trial balance.

Stoker's Repair Service

Post-Closing Trial Balance

June 30, 2014

ents) for Stoker's Repair Service are as follows