Use the trial balance to prepare Closing entries. Reyna Company Adjusted Trial B

Question

Use the trial balance to prepare Closing entries. Reyna Company Adjusted Trial Balance December 31, 2007 Cash $ 6,400 Accounts receivable 10,200 Merchandise inventory 46,500 Office supplies 2,400 Stores supplies 1,200 Prepaid Advertising 800 Equipment 18,000 Accumulated depreciation, equipment $ 3,000 Building 90,000 Accumulated depreciation, building 9,000 Land 28,500 Accounts payable 4,650 Salaries payable 2,750 Rent payable 850 Long-term notes payable 24,000 Paul Reyna, capital 156,400 Paul Reyna, withdrawals 24,000 Consulting fees earned 169,200 Salaries expense 47,250 Rent expense 18,900 Advertising expense 27,000 Office supplies expense 41,200 Depreciation expense, building 7,500 Totals $369,850 $369,850

Explanation / Answer

http://www.chegg.com/homework-help/questions-and-answers/accounting-cycle-unadjusted-trial-balance-closing-unadjusted-trial-balance-december-31-201-q1525439?autosuggest=1&uqry;=use the trial balance to prepare closing entries. reyna company adjusted trial balance december 31, 2007ⅈ=7&type;=2

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