Adjusted Trial Balance 448 $12,224 $12,224 Instructions (a) Prepare closing entr

Question

Adjusted Trial Balance

448

$12,224

$12,224

Instructions

(a) Prepare closing entries at June 30, 2008. (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.)

(b) Prepare a post-closing trial balance. (If answer is zero, please enter 0. Do not leave any fields blank.)

Adjusted Trial Balance

$

$

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EMIL SKODA COMPANY Adjusted Trial Balance June 30, 2008

Adjusted Trial Balance

Account Titles Debits Credits Cash $3,712 Accounts Receivable 3,904 Supplies 480 Accounts Payable $1,792 Unearned Revenue 160 Common Stock 5,000 Retained Earnings 760 Dividends 300 Service Revenue 4,064 Salaries Expense 1,344 Miscellaneous Expense 256 Supplies Expense 2,228 Salaries Payable

448

$12,224

$12,224

Explanation / Answer

Service Revenue

4064

Income Summary

4064 |

Income Summary | 3828

3828

Supplies Expense

2228

Salaries Expense

1344

Miscellaneous Expense

256

Income Summary | 236

236

Retained Earnings

300

Dividends

300

Service Revenue

4064

Income Summary

4064 |

Income Summary | 3828

3828

Supplies Expense

2228

Salaries Expense

1344

Miscellaneous Expense

256

Income Summary | 236

236

Retained Earnings

300

Dividends

300

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