Answered step by step
Verified Expert Solution
Question
1 Approved Answer
with the information provided with the adjusted trial balance do the: 1)classified Balance sheet 2) closing entries 3) Post closing trial balance Credit $ 1,100
with the information provided with the adjusted trial balance do the:
1)classified Balance sheet
2) closing entries
3) Post closing trial balance
Credit $ 1,100 400 Adjusted Trial Balance July 31 No. Account Title Debit 101 Cash........ $ 22,850 106 Accounts receivable 1,150 124 Office supplies... 1,525 128 Prepaid insurance 6,800 173 Buildings .... 148,000 174 Accumulated depreciation-Buildings. 176 Computer Equipment ..... 2,000 177 Accumulated depreciation - Computer Equipment 209 Salaries payable ...... 210 Accounts Payable 215 Long term Note Payable.... 301 L. Plume, Capital ....... 302 L. Plume, Withdrawals .. 4,000 401 Storage fees earned 402 Rent Income ..... 606 Depreciation expense-Buildings. 1,500 622 Salaries expense 4,325 637 Insurance expense. 400 Totals ............. $192,550 100 2,000 18,000 160,000 HIRD 9,950 1,000 .... $192,550Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started