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Wilderness Guide Services, Inc, performs adjusting entries every month, but closes its accounts only at year-end. The company's year- end adjusted trial balance dated December

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Wilderness Guide Services, Inc, performs adjusting entries every month, but closes its accounts only at year-end. The company's year- end adjusted trial balance dated December 31, current year, is as follows. WILDERNESS GUIDE SERVICES, INC. Adjusted Trial Balance December 31, Current Year Cash $ 12.200 Accounts receivable 31,000 Camping supplies 7.900 Unexpired Insurance policies 2,400 Equipment 70,000 Accumulated depreciation equipment $ 60,000 Notes payable (due 4/1ext year) 18,000 Accounts payable 9,500 Capital stock 25,000 Retained earnings 15,000 Dividende 1,000 Guide revenue earned 102,000 Salary expense 87,500 Camping supply expense 1.200 Insurance expense 9.600 Depreciation expenses equipment 5,000 Interest expense 1/700 229,500 $ 229,500 a. Prepare all necessary closing entries at December 31, current year. b. Prepare an after closing trial balance dated December 31, current year, Complete this question by entering your answers in the tabs below. Required A Required B Prepare all necessary clasing entries at December 31, current year. (If no entry is required for a transaction/event, atlect "Na Journal entry required" in the first account field.) View transaction list View journal entry worksheet No Date December 31 General Journal No Transaction Recorded Debit Credit 1 2 December 31 No Transaction Recorded December 31 No Transaction Recorded 4 December 31 No Transaction Recorded Required B > Wilderness Guide Services, Inc., performs adjusting entries every month, but closes its accounts only at year-end. The company's year- end adjusted trial balance dated December 31, current year, is as follows. WILDERNESS GUIDE SERVICES, INC. Adjusted Trial Balance December 31, Current Year Cash $ 12,200 Accounts receivable 31,000 Camping supplies 7,900 Unexpired Insurance policies 2,400 Equipment 70,000 Accumulated depreciation equipment Notes payable (due 4/1ext year) $ 60,000 Accounts payable 18,000 9,500 Capital stock Retained earnings 25,000 Dividends 15,000 1,000 Guide revenue earned Salary expense 102,000 87,500 Camping supply expense 1,200 Insurance expense 9.500 Depreciation expenset equipment Interest expense 5,000 1.700 $ 229,500 $ 229,500 a. Prepare all necessary closing entries at December 31, current year, b. Prepare an after-closing trial balance dated December 31, current year. Complete this question by entering your answers in the tabs below. Required A Required B Prepare an after-closing trial balance dated December 31, current year. WILDERNESS GUIDE SERVICES, INC. After-Closing Trial Galance December 31, Current Year Totals $ 0 $ 0

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