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The following is Glueman Industries' adjusted trial balance in account order for the year ended April 30, 2019. Glueman Adjusted Trial Balance April 30, 2019
The following is Glueman Industries' adjusted trial balance in account order for the year ended April 30, 2019. Glueman Adjusted Trial Balance April 30, 2019 Account Titles DR CR Cash $3,140 Accounts Receivable $2,600 Merchandise Inventory $19,090 Prepaid Rent $8,980 Equipment $43,360 Accumulated Depreciation $1,000 Accounts Payable $2,790 Unearned Revenue $1,720 Salaries Payable $2,450 Kiefer, Capital $67,630 Sales Revenue $79,720 Sales Discounts $1,830 Sales Returns and Allowances $660 Cost of Goods Sold $39,860 Depreciation Expense $2,000 Rent Expense $9.920 $15,560 O REDMI NOTE 8 AI QUAD CAMERA $8,310 Total $ 155,310 $ 155,310 Do not enter dollar signs or commas in the input boxes. When closing accounts, use the income summary method. To close the expense accounts, enter them in the order presented on the trial balance. Prepare the journal entries to close the appropriate accounts. Date Account Title and Explanation Debit Credit 2019 Apr 30 Close revenue accounts Apr 30 N REDMI NOTE &nse accounts AI QUAD CAMERA Apr 30 AME Engage Less: Glent Withdrawals Subtotal Glent, Capital, November 30, 2019 C) Prepare a classified balance sheet. Glent Company Balance Sheet As at November 30, 2019 Assets Current Assets $ S $ $ Total Current Assets Property, plant, and Equipment $ Total Property, Plant, and Equipment REDMI NOTE 8 CO AI QUAD CAMERA im Total Assets Liabilities Current Liabilities $ Total Current Liabilities $ Long-Term Liabilities $ Total Long-Term Liabilities Total Liabilities $ Owner's Equity Total Owner's Equity O REDMI NOTE 8 AI QUAD CAMERAvner's Equity
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