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E4-2 The adjusted trial balance for Sundance Marketing Co. follows

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The adjusted trial balance for Sundance Marketing Co. follows. Complete the four right-most columns of the table by first entering information for the four closing entries (keyed 1 through 4) and second by completing the post- closing trial balance.

Adjusted Closing Entry Post-Closing
No. Account Title Trial Balance Information Trial Balance

Dr. Cr. Dr. Cr. Dr. Cr.
101 Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 8,200
106 Accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . 24,000
153 Equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41,000
154 Accumulated depreciation—Equipment . . . . . . . . $ 16,500
193 Franchise . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30,000
201 Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . 14,000
209 Salaries payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,200
233 Unearned fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,600
301 H. Sundance, Capital . . . . . . . . . . . . . . . . . . . . . . . . 64,500
302 H. Sundance, Withdrawals . . . . . . . . . . . . . . . . . . . 14,400
401 Marketing fees earned . . . . . . . . . . . . . . . . . . . . . . 79,000
611 Depreciation expense—Equipment . . . . . . . . . . . . 11,000
622 Salaries expense . . . . . . . . . . . . . . . . . . . . . . . . . . . 31,500
640 Rent expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,000
677 Miscellaneous expenses . . . . . . . . . . . . . . . . . . . . . 7,700
901 Income summary . . . . . . . . . . . . . . . . . . . . . . . . . .
Totals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $179,800 $179,800

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