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Using the trial balance below, complete the closing entries. Sidhu Ltd. Trial Balance December 31, 20-0 Cash 500 Accounts Receivable 200 Supplies 50 Equipment 1000
Using the trial balance below, complete the closing entries. Sidhu Ltd. Trial Balance December 31, 20-0 Cash 500 Accounts Receivable 200 Supplies 50 Equipment 1000 Accounts Payable 100 HST Payable 350 Capital 1020 Drawings 250 Sales 800 Rent Expense 100 Telephone Expense 50 Salaries Expense 120 Total 2270 2270 ** do the journal entries in the correct order ** Part 2: After the closing entries are done, what will the ending balance in Capital be? (use a T-Account to figure this out. Part 3: Create a post-closing trial balance 1 General Journal Form 2 3 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 GENERAL JOURNAL PAGE Trial Balance Form 47 Part 2: After the closing entries are done, what will the ending balance in Capital be? 48 49 50 51 ACC ACCOUNT TITLE NO. DEBIT CREDIT
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