Identify the accounts that would be included in a post-closing trial balance.
ONLY 7 questions it is in my student blackboard so u will need to go in and complete the task in the app
ex question
Brief Exercise 4-5
The ledger of Rios Company contains the following balances: Owner’s Capital $28,375; Owner’s Drawings $1,917; Service Revenue $50,657; Salaries and Wages Expense $27,423; and Supplies Expense $6,708.
The closing entries are as follows:
| (1) |
Close revenue accounts. |
|
| (2) |
Close expense accounts. |
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| (3) |
Close net income/(loss). |
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| (4) |
Close drawings. |
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Post the closing entries in the order presented in the problem and use the numbers as a reference.
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Salaries and Wages Expense
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ex question 2
Brief Exercise 4-7
The following selected accounts appear in the adjusted trial balance columns of the worksheet for Goulet Company.
Identify the accounts that would be included in a post-closing trial balance.
| Accumulated Depreciation |
|
 |
| Depreciation Expense |
|
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| Owner’s Capital |
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| Owner’s Drawings |
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| Service Revenue |
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| Supplies |
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| Accounts Payable |
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ex question 3
Exercise 4-1
The trial balance columns of the worksheet for Nanduri Company at June 30, 2014, are as follows.
NANDURI COMPANY
Worksheet
For the Month Ended June 30, 2014
|
|
|
Trial Balance
|
|
Account Titles
|
|
Dr.
|
|
Cr.
|
| Cash |
|
2,324 |
|
|
| Accounts Receivable |
|
2,317 |
|
|
| Supplies |
|
1,829 |
|
|
| Accounts Payable |
|
|
|
1,081 |
| Unearned Service Revenue |
|
|
|
341 |
| Owner’s Capital |
|
|
|
2,492 |
| Service Revenue |
|
|
|
3,297 |
| Salaries and Wages Expense |
|
606 |
|
|
| Miscellaneous Expense |
|
135 |
|
|
| Total |
|
7,211 |
|
7,211 |
Other data:
|
1.
|
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A physical count reveals $380 of supplies on hand. |
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2.
|
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$140 of the unearned revenue is still unearned at month-end. |
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3.
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Accrued salaries are $239. |
Complete the worksheet.
NANDURI COMPANY
Worksheet
For the Month Ended June 30, 2014
|
|
|
Trial Balance
|
|
Adjustments
|
|
Adj. Trial Balance
|
|
Income Statement
|
|
Balance Sheet
|
|
Account Titles
|
|
Dr
|
|
Cr.
|
|
Dr
|
|
Cr.
|
|
Dr
|
|
Cr.
|
|
Dr
|
|
Cr.
|
|
Dr
|
|
Cr.
|
| Cash |
|
2,324
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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| Accounts Receivable |
|
2,317
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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| Supplies |
|
1,829
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
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| Accounts Payable |
|
|
|
1,081
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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| Unearned Service Revenue |
|
|
|
341
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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| Owner’s Capital |
|
|
|
2,492
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Service Revenue |
|
|
|
3,297
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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| Salaries and Wages Expense |
|
606
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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| Miscellaneous Expense |
|
135
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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| Totals |
|
7,211
|
|
7,211
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| Supplies Expense |
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| Salaries and Wages Payable |
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| Totals |
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| Net Income |
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| Totals |
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