Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

WL 5 - Apply. Bertine newconnect.mheducation.com/flow/connect.html - Apply. Exercise Help Save & The Adjusted Trial Balance section of the worksheet for Van Zant Janitorial Supplies

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
WL 5 - Apply. Bertine newconnect.mheducation.com/flow/connect.html - Apply. Exercise Help Save & The Adjusted Trial Balance section of the worksheet for Van Zant Janitorial Supplies follows. The owner made no add investments during the year. Credit $ Debit 18,000 59,200 280 185,600 7,880 3,000 50,400 17,200 8,100 1,330 47e 274,590 Accounts Cash Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Social Security Tax Payable Medicare Tax Payable Steven Van Zant, Capital Steven Van Zant, Drawing Income Summary Sales Sales Returns and allowances Purchases Freight In Purchases Returns and Allowances Purchases Discounts Rent Expense Telephone Expense Salaries Expense 73,400 179,400 185,600 770,000 13,800 486,300 4,888 7,900 4,700 33,200 6,199 122,540 11.200 Wk. 5 - Apply. Exercise i Supplies Expense Insurance Expense Depreciation Expense-Equipment Uncollectible Accounts Expense Totals 6,880 1,500 7,500 1,860 $1,279,170 $1,272,170 Prepare a postclosing trial balance for the firm on December 31, 2019. points Credit VAN ZANT JANITORIAL SUPPLY Post-closing Trial Balance December 31, 2019 Account name Debit Cash 18,000 Accounts receivable 59,200 Allowance for doubtful accounts Merchandise inventory 185,600 Supplies 7,080 Prepaid insurance 50,400 Equipment Accumulated depreciation Equipment Accounts payable 3,000 17200 8,100 MC ply. Exercise i 3,000 50.400 17,200 8.100 1,330 470 295,900 points Prepaid insurance Equipment Accumulated depreciation Equipment Accounts payable Social security tax payable Medicare tax payable Steven Van Zant, Capital Steven Van Zant, Drawing Income summary Sales Sales returns and allowances Purchases Freight in Purchases returns and allowances Purchases discounts Rent expense Telephone expense Salaries expense Payroll taxes expense Supplies expense newconnect.mheducation.com/flow/connect.html WL5 - Apply. Berise Wk 5 - Apply. Exercise i points Sales Sales returns and allowances Purchases Freight in Purchases returns and allowances Purchases discounts Rent expense Telephone expense Salaries expense Payroll taxes expense Supplies expense Insurance expense Depreciation expense-Equipment Uncollectible accounts expense Totals 323,280 $ 323.280 WL 5 - Apply. Bertine newconnect.mheducation.com/flow/connect.html - Apply. Exercise Help Save & The Adjusted Trial Balance section of the worksheet for Van Zant Janitorial Supplies follows. The owner made no add investments during the year. Credit $ Debit 18,000 59,200 280 185,600 7,880 3,000 50,400 17,200 8,100 1,330 47e 274,590 Accounts Cash Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Social Security Tax Payable Medicare Tax Payable Steven Van Zant, Capital Steven Van Zant, Drawing Income Summary Sales Sales Returns and allowances Purchases Freight In Purchases Returns and Allowances Purchases Discounts Rent Expense Telephone Expense Salaries Expense 73,400 179,400 185,600 770,000 13,800 486,300 4,888 7,900 4,700 33,200 6,199 122,540 11.200 Wk. 5 - Apply. Exercise i Supplies Expense Insurance Expense Depreciation Expense-Equipment Uncollectible Accounts Expense Totals 6,880 1,500 7,500 1,860 $1,279,170 $1,272,170 Prepare a postclosing trial balance for the firm on December 31, 2019. points Credit VAN ZANT JANITORIAL SUPPLY Post-closing Trial Balance December 31, 2019 Account name Debit Cash 18,000 Accounts receivable 59,200 Allowance for doubtful accounts Merchandise inventory 185,600 Supplies 7,080 Prepaid insurance 50,400 Equipment Accumulated depreciation Equipment Accounts payable 3,000 17200 8,100 MC ply. Exercise i 3,000 50.400 17,200 8.100 1,330 470 295,900 points Prepaid insurance Equipment Accumulated depreciation Equipment Accounts payable Social security tax payable Medicare tax payable Steven Van Zant, Capital Steven Van Zant, Drawing Income summary Sales Sales returns and allowances Purchases Freight in Purchases returns and allowances Purchases discounts Rent expense Telephone expense Salaries expense Payroll taxes expense Supplies expense newconnect.mheducation.com/flow/connect.html WL5 - Apply. Berise Wk 5 - Apply. Exercise i points Sales Sales returns and allowances Purchases Freight in Purchases returns and allowances Purchases discounts Rent expense Telephone expense Salaries expense Payroll taxes expense Supplies expense Insurance expense Depreciation expense-Equipment Uncollectible accounts expense Totals 323,280 $ 323.280

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Price Of Football Understanding Football Club Finance

Authors: Kieran Maguire

3rd Edition

1788216830, 978-1788216838

More Books

Students also viewed these Accounting questions