Question
WEST LABORATORY, INC. ADJUSTED TRIAL BALANCE 31 DECEMBER. 2021 DEBIT CREDIT CASH 28.200 ACCOUNTS RECEIVABLE 17.000 PREPAID RENT 5.000 UNEXPIRED INSURANCE 7.200 OFFICE SUPPLIES 1.200
WEST LABORATORY, INC.
ADJUSTED TRIAL BALANCE
31 DECEMBER. 2021
| DEBIT | CREDIT |
CASH | 28.200 |
|
ACCOUNTS RECEIVABLE | 17.000 |
|
PREPAID RENT | 5.000 |
|
UNEXPIRED INSURANCE | 7.200 |
|
OFFICE SUPPLIES | 1.200 |
|
MEDICAL EQUIPMENT | 22.200 |
|
ACCUMULATED DEPRECIATION: MEDICAL EQUIPMENT |
| 6.000 |
ACCOUNTS PAYABLE |
| 4.000 |
NOTES PAYABLE |
| 8.400 |
UNEARNED MEDICAL FEES |
| 14.000 |
CAPITAL STOCK |
| 21.000 |
RETAINED EARNINGS |
| 25.500 |
DIVIDENDS | 2.500 |
|
MEDICAL FEES EARNED |
| 32.000 |
SALARIES EXPENSE | 16.465 |
|
OFFICE SUPPLIES EXPENSE | 2.000 |
|
INSURANCE EXPENSE | 5.800 |
|
DEPRECIATION EXPENSE | 2.035 |
|
INTERNET EXPENSE | 1.300 |
|
|
|
|
TOTAL | 110.900 | 110.900 |
- Prepare closing entries (10 points)
- Post all closing entries on the ledger accounts (T- accounts) (10 points)
- Prepare an Income Statement (10 points)
- Prepare a Statement of Retained Earnings. (10 points)
- Prepare a Balance Sheet (10 points)
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