Victoria Lee Company had the following adjusted trial balance. Instructions (a) Prepare closing entries at June 30,
Question:
Instructions
(a) Prepare closing entries at June 30, 2017.
(b) Prepare a post-closing trialbalance.
Transcribed Image Text:
VICTORIA LEE COMPANY Adjusted Trial Balance For the Month Ended June 30, 2017 Adjusted Trial Balance Credit Account Titles Debit Cash Accounts Receivable Supplies Accounts Payable Unearned Service Revenue Owners Capital Owner's Drawings Service Revenue Salaries and Wages Expense Miscellaneous Expense Supplies Expense Salaries and Wages Payable S 3,712 3,904 480 1,382 160 5,760 550 4,300 1,260 256 1,900 460 $12,062 $12,062
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Related Book For
Accounting Principles
ISBN: 978-1118875056
12th edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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