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Using the T-accounts presented complete the required income statement, statement of retained earnings, balance sheet, closing journal, and post closing trial balance. thank you, explaining
Using the T-accounts presented complete the required income statement, statement of retained earnings, balance sheet, closing journal, and post closing trial balance. thank you, explaining your work is appreciated.
84,100 ASSETS T-accounts (General Ledger) example 43100 Total Right Side 84,100 400 Liabilities + Owner's Equity + 118400 Revenue + #100-Cash 200-A/P-Gusto 300-Capital/Common Stock 400-Earned Revenue date dr. date date dr. cr. date date dr. cr. open 36,100 open 3,200 open date 34,200 open dr. cr. date 77800 Expenses 500-Salaries Expense dr. cr. 1-Dec 800 1,600 2-Dec 2-Dec 1,600 4-Dec 104,000 1,400 open 12-Dec 35,200 1,700 10-Dec 500 2,100 3-Dec 10-Dec 500 11-Dec 900 1,600 5-Dec 1,600 34,200 16-Dec 11,000 36,500 1 22-Dec 2.500 1,500 9-Dec 210-Wages Payable 302-Drawings/Dividends ADI 3 1,500 501-Utilities Expense 2 3,300 15-Dec date dr. cr date dr. ler. 118,400 date dr. cr. 3 1,700 23-Dec open 14 15 5-Dec 1,600 23-Dec 1,700 1,600 1,700 open 40,100 12-Dec 15-Dec 3,300 open 8,800 9-Dec 1,500 16 43,400 10,300 7 78 220-Unearned Revenue 29,000 date dr. tr. 310 Retained Earnings 19 #110-A/B-Franklin open 3,000 date dr. cr. 20 date dr. cr date: ADI 1,500 open 9,600 502-Supplies Expense date open ADI #4 dr. lu. 1,600 500 21 open 1,900 1,500 22 1-Dec 800 240-Notes Payable 23 16-Dec 11,000 2,500 22-Dec date dr. Cr 24 9,600 8-Dec 40,000 25 #115-A/R-Washington 2,100 9,600 503-Rent Expense date dr. open cr 26 date dr. cr. date 40,000 24,200 3-Dec 2,100 27 open 1,400 ASSETS cont 28 4-Dec 1,400 30 29 11-Dec 31 120-Supplies 900 130-Prepaid Insurance 1.900 date open dr. cr 2,400 26,300 504-Depreciation Expense date dr. Cr ADI #1 1000 ADI #2 1,200 32 date 33 open 34 ADI 4 35 dr. 8 900 500 400 36 140 Equipment 37 date dr. cr 18 open 5,000 39 40 5,000 41 42 150-Land 43 date dr. cr. 44 45 8-Dec 40,000 47 40,000 1,200 141-Accum. Dep-Equip date open ADI dr. a 2,000 1000 3,000 1,000 505-InsuranceExpense date ADJ #2 dr. cr. 1,200 1,200
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