Acenture LLC-Partners Trial Balance Year Ended December 31, 2021 Petty Cash Fund 25,000.00 Cash in Bank Account 743,000.00 Inventory Account 1,000,540.00 Furniture Account 905,000.00 Building Account 2,400,000.00 Accounts Receivables- ABC Company 250,000.00 Mr Brian & Associates 350,000.00 Create View LLC 400,000.00 Capital Account Mr. Axle 2,500,000.00 Ms. Rose 1,800,000.00 Accounts Payables- Suppliers of All Company 500,000.00 JVC Company 225,000.00 XYX Company 400,000.00 Sales Account 5,090,540.00 Sales Return Account 350,000.00 Purchase Account 2,500,000.00 Purchase Discount 458,000.00 Bad Debts 25,000.00 Admin Expenses 550,000.00 Selling Expenses 750,000.00 Salary Expenses 550,000.00 Utilities Expenses 175,000.00 Total 10,973,540.00 10,973,540.00 - Prepare the following reports base in the trial balane of Accenture LLC-Partners 1. Income Statement 2. Balance Sheet 3. Closing Entries

Acenture LLC-Partners Trial Balance Year Ended December 31, 2021 Petty Cash Fund 25,000.00 Cash in Bank Account 743,000.00 Inventory Account 1,000,540.00 Furniture Account 905,000.00 Building Account 2,400,000.00 Accounts Receivables- ABC Company 250,000.00 Mr Brian & Associates 350,000.00 Create View LLC 400,000.00 Capital Account Mr. Axle 2,500,000.00 Ms. Rose 1,800,000.00 Accounts Payables- Suppliers of All Company 500,000.00 JVC Company 225,000.00 XYX Company 400,000.00 Sales Account 5,090,540.00 Sales Return Account 350,000.00 Purchase Account 2,500,000.00 Purchase Discount 458,000.00 Bad Debts 25,000.00 Admin Expenses 550,000.00 Selling Expenses 750,000.00 Salary Expenses 550,000.00 Utilities Expenses 175,000.00 Total 10,973,540.00 10,973,540.00 - Prepare the following reports base in the trial balane of Accenture LLC-Partners 1. Income Statement 2. Balance Sheet 3. Closing Entries

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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	Acenture LLC-Partners
	Trial Balance
	Year Ended December 31, 2021

Petty Cash Fund	25,000.00
Cash in Bank Account	743,000.00
Inventory Account	1,000,540.00
Furniture Account	905,000.00
Building Account	2,400,000.00
Accounts Receivables-
ABC Company	250,000.00
Mr Brian & Associates	350,000.00
Create View LLC	400,000.00
Capital Account
Mr. Axle		2,500,000.00
Ms. Rose		1,800,000.00
Accounts Payables-
Suppliers of All Company		500,000.00
JVC Company		225,000.00
XYX Company		400,000.00
Sales Account		5,090,540.00
Sales Return Account	350,000.00
Purchase Account	2,500,000.00
Purchase Discount		458,000.00
Bad Debts	25,000.00
Admin Expenses	550,000.00
Selling Expenses	750,000.00
Salary Expenses	550,000.00
Utilities Expenses	175,000.00

Total	10,973,540.00	10,973,540.00
	-

Prepare the following reports base in the trial balane of Accenture LLC-Partners
1. Income Statement
2. Balance Sheet
3. Closing Entries
4. Post Closing Trial Balance for the year ended December 31, 2021.

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