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Using the Trial balance sheet, will you be able to fill out the adjusting journal entries, balance sheet, and post closing trial balance? Credit Trial
Using the Trial balance sheet, will you be able to fill out the adjusting journal entries, balance sheet, and post closing trial balance?
Credit Trial Balance 20xx Unadjusted trial balance Adjusting entries Debit Credit Debit 51,436.75 20,500.00 175.65 1,500.00 1,200.00 5,000.00 19,400.00 Adjusted trial balance Debit Credit 51,436.75 1,100.00 175.65 1,500.00 1,000.00 5,000.00 208.33 50.00 9,700.00 10,000.00 200.00 600.00 9,700.00 208.33 550.00 10,000.00 150.00 7,000.00 480.00 30,000.00 7,000.00 480.00 30,000.00 Account Cash Baking Supplies Merchandise Inventory Prepaid Rent Prepaid Insurance Baking Equipment Accumulated Depreciation 3 Office Supplies Accounts Receivable 5 Notes Payable 5 Interest Payable 7 Accounts Payable Wages Payable 9 Common Stock 0 Dividends 1. Bakery Sales 2 Merchandise Sales 3 Baking Supplies Expense 4 Rent Expense 5 Interest Expense 6 Insurance Expense 7 Depreciation Expense E8 Misc. Expense 9 Office Supplies Expense 50 Business License Expense 31 Advertising Expense 32 Wages Expense 53 Telephone Expense 34. COGS 35 36 Total: 10,000.00 10,000.00 60,000.00 221.00 19,400.00 60,000.00 221.00 4,500.00 150.00 200.00 208.33 550.00 550.00 250.00 375.00 200.00 1.956.00 150.00 157.60 19,400.00 4,500.00 150.00 200.00 208.33 250.00 550.00 375.00 200.00 1,956.00 150.00 157.60 108,059.33 107,701.00 107,701.00 21,058.33 20,508.33 108,059.33 B Adjusting Journal Entries 20XX Credit Debit 208.33 5 7 208.33 3 19,400.00 19,400.00 Date Accounts 31-Dec Depreciation Expense Accumulated Depreciation Baking Supplies Accounts Payable Interest Expense Interest Payable Insurance Expense Accounts Payable Office Supplies Cash 150.00 150.00 9 10 11 12 13 14 15 16 17 200.00 200.00 550.00 550.00 20,508.33 20,508.33 19 20 21 22 23 24 25 26 27 28 29 1 > Trial Balance Adjusting Entries Income Statement Statement Read Type here to search A Company Balance Sheet As of December 31, 20XX Assets Current Assets: Cash Accounts Receivable Office Supplies Baking Supplies Merchandise Inventory Prepaid Rent Prepaid Insurance Total Current Assets Liabilities and Owners' Equity Current Liabilities: Accounts Payable Interest Payable Wages Payable Total Current Liabilities 51,437.00 9,700.00 50.00 1,100.00 175.00 1,500.00 1,000.00 64,962.00 7,000.00 150.00 480.00 7,630.00 Long Term Liabilities: Notes Payable Total Long Term Liabilities: 10,000.00 10,000.00 5 Total Liabilities: 17,630.00 3 Shareholder's Equity: Common Stock 30,000.00 22124 Total Equity 52,124.00 1 Non-Current Assets: 2 Baking Equipment 3 Accumulated Depreciation 4 Baking Equipment (Net) 5 6 Total Assets: 64,962.00 27 28 29 Trial Balance Adjusting Entries Income Statement Total Liabilities & Equity 69,754.00 Statement of Stockholder Equity Balance Sheet A B A Company Post-Closing Trial Balance Qtr. Ending 12/31/20xx Unadjusted Trial Balance Debit Credit Account Cash Baking Supplies Merchandise Inventory Prepaid Rent Prepaid Insurance Baking Equipment 2 Accumulated Depreciation 3 Office Supplies 4 Accounts Receivable 5 Accounts Payable 16 Wages Payable 17 Interest Payable 18 Notes Payable 19 Common Stock 20 Retained Earnings -21 22 Total 23 24 25 26 27 28 Income Statement Statement of Stockholder Equity Balance Sheet Randy Type here to search BI Step by Step Solution
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