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Account Name 101: Cash 111: Accounts receivable 121: Supplies 131: Prepaid advertising 141: Equipment 142: Accumulated depreciation-Equipment 202: Accounts payable 301: Shara Johns, Capital 302: Shara Johns, Drawing 401: Fees income 519: Salaries expense 523: Utilities expense 520: Supplies expense 526: Advertising expense 511: Depreciation expense-Equipment Totals Net income Trial Balance Debit $ 30,050 4,450 2,000 2,000 19,000 1,000 AT HOME PET GROOMING SERVICE Worksheet Month Ended December 31, 20X1 Adjustments 3,800 600 Credit 4,000 25,500 33,400 $ 62,900 $ 62,900 $ Debit 1,100 900 380 2,380 Credit $ 1,100 900 380 2,380 Adjusted Trial Balance Debit Credit $ 30,050 4,450 900 1,100 19,000 1,000 380 4,000 25,500 33,400 3,800 600 1,100 900 380 $63,280 $63,280 Income Statement Debit Credit 3,800 600 33,400 Balance Sheet Debit $ 30,050 4,450 900 1,100 19,000 Credit 4,000 25,500 1,100 900 380 $ 6,780 $33,400 $ 55,500 $29,500 26,620 26,620 $ 33,400 $ 33,400 $ 55,500 $ 56,120

Account Name 101: Cash 111: Accounts receivable 121: Supplies 131: Prepaid advertising 141: Equipment 142: Accumulated depreciation-Equipment 202: Accounts payable 301: Shara Johns, Capital 302: Shara Johns, Drawing 401: Fees income 519: Salaries expense 523: Utilities expense 520: Supplies expense 526: Advertising expense 511: Depreciation expense-Equipment Totals Net income Trial Balance Debit $ 30,050 4,450 2,000 2,000 19,000 1,000 AT HOME PET GROOMING SERVICE Worksheet Month Ended December 31, 20X1 Adjustments 3,800 600 Credit 4,000 25,500 33,400 $ 62,900 $ 62,900 $ Debit 1,100 900 380 2,380 Credit $ 1,100 900 380 2,380 Adjusted Trial Balance Debit Credit $ 30,050 4,450 900 1,100 19,000 1,000 380 4,000 25,500 33,400 3,800 600 1,100 900 380 $63,280 $63,280 Income Statement Debit Credit 3,800 600 33,400 Balance Sheet Debit $ 30,050 4,450 900 1,100 19,000 Credit 4,000 25,500 1,100 900 380 $ 6,780 $33,400 $ 55,500 $29,500 26,620 26,620 $ 33,400 $ 33,400 $ 55,500 $ 56,120

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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please help me complete the postclosing trial balance with steps and explanation if possible

Account Name 101: Cash 111: Accounts receivable 121: Supplies 131: Prepaid advertising 141: Equipment 142: Accumulated depreciation-Equipment 202: Accounts payable 301: Shara Johns, Capital 302: Shara Johns, Drawing 401: Fees income 519: Salaries expense 523: Utilities expense 520: Supplies expense 526: Advertising expense 511: Depreciation expense-Equipment Totals Net income Trial Balance Debit $ 30,050 4,450 2,000 2,000 19,000 1,000 3,800 600 AT HOME PET GROOMING SERVICE Worksheet Month Ended December 31, 20X1 Adjustments $ 62,900 Credit 4,000 25,500 33,400 $ 62,900 $ Debit 1,100 900 380 2,380 Credit $ 1,100 900 380 2,380 Adjusted Trial Balance Debit Credit $ 30,050 4,450 900 1,100 19,000 1,000 3,800 600 1,100 900 380 $ 63,280 380 4,000 25,500 33,400 $63,280 Income Statement Debit Credit $ 33,400 Balance Sheet Debit $ 30,050 4,450 900 1,100 19,000 3,800 600 1,100 900 380 6,780 26,620 $33,400 $ 33,400 $ 55,500 $ 33,400 $ 55,500 Credit 4,000 25,500 $ 29,500 26,620 $ 56,120
Transcribed Image Text:Account Name 101: Cash 111: Accounts receivable 121: Supplies 131: Prepaid advertising 141: Equipment 142: Accumulated depreciation-Equipment 202: Accounts payable 301: Shara Johns, Capital 302: Shara Johns, Drawing 401: Fees income 519: Salaries expense 523: Utilities expense 520: Supplies expense 526: Advertising expense 511: Depreciation expense-Equipment Totals Net income Trial Balance Debit $ 30,050 4,450 2,000 2,000 19,000 1,000 3,800 600 AT HOME PET GROOMING SERVICE Worksheet Month Ended December 31, 20X1 Adjustments $ 62,900 Credit 4,000 25,500 33,400 $ 62,900 $ Debit 1,100 900 380 2,380 Credit $ 1,100 900 380 2,380 Adjusted Trial Balance Debit Credit $ 30,050 4,450 900 1,100 19,000 1,000 3,800 600 1,100 900 380 $ 63,280 380 4,000 25,500 33,400 $63,280 Income Statement Debit Credit $ 33,400 Balance Sheet Debit $ 30,050 4,450 900 1,100 19,000 3,800 600 1,100 900 380 6,780 26,620 $33,400 $ 33,400 $ 55,500 $ 33,400 $ 55,500 Credit 4,000 25,500 $ 29,500 26,620 $ 56,120
Cash Accounts receivable Prepaid advertising Supplies AT HOME PET GROOMING SERVICE Postclosing Trial Balance December 31, 20X1 Account Name Totals Equipment Accumulated depreciation-Equipment Accounts payable Shara Johns, Capital $ Debit 30,050 4,450 1,100 900 19,000 $ 55,500 $ Credit 380 4,000 25,500 X 29,880
Transcribed Image Text:Cash Accounts receivable Prepaid advertising Supplies AT HOME PET GROOMING SERVICE Postclosing Trial Balance December 31, 20X1 Account Name Totals Equipment Accumulated depreciation-Equipment Accounts payable Shara Johns, Capital $ Debit 30,050 4,450 1,100 900 19,000 $ 55,500 $ Credit 380 4,000 25,500 X 29,880
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