Adjusted Trial Balance 3 December 31, 2019 5. Debits Credits 6 Cash 4,750 7 Accounts Receivable 2592 8 Prepaid Insurance 9 Prepaid Rent 10 Painting Supplies 11 Painting Equipment 12 Accum. Deprec. - Equip 13 Truck 14 Accum. Deprec. - Truck 15 Accounts Payable 380 200 152 3875 320 7200 720 420 295 16 Wages Payable 17 Unearned Painting Revenue 18 Scott, Capital 19 Scott, Withdrawals 20 Painting Revenue 21 Wages Expense 22 Rent Expense 23 Fuel, Oil, and Other Truck Exp 24 Insurance Expense 25 Supplies Expense 26 Depreciation Expense - Equip 27 Depreciation Expense - Truck 1690 15034 2000 14620 5680 1350 580 380 2920 320 720 24 33,099 $ 33,099 28 29 30 31 Prepare closing journal entries

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

Prepare the financial statements

Adjusted Trial Balance
December 31, 2019
Debits
Credits
6 Cash
2$
4,750
7 Accounts Receivable
2592
8 Prepaid Insurance
9 Prepaid Rent
10 Painting Supplies
11 Painting Equipment
12 Accum. Deprec. - Equip
380
200
152
3875
320
13 Truck
7200
14 Accum. Deprec. - Truck
720
420
15 Accounts Payable
16 Wages Payable
17 Unearned Painting Revenue
18 Scott, Capital
19 Scott, Withdrawals
20 Painting Revenue
21 Wages Expense
22 Rent Expense
23 Fuel, Oil, and Other Truck Exp
24 Insurance Expense
295
1690
15034
2000
14620
5680
1350
580
380
2920
25 Supplies Expense
26 Depreciation Expense - Equip
27 Depreciation Expense Truck
320
720
33,099 $
33,099
28
29
30
31 Prepare closing journal entries
32
%24
Nm4 5
Transcribed Image Text:Adjusted Trial Balance December 31, 2019 Debits Credits 6 Cash 2$ 4,750 7 Accounts Receivable 2592 8 Prepaid Insurance 9 Prepaid Rent 10 Painting Supplies 11 Painting Equipment 12 Accum. Deprec. - Equip 380 200 152 3875 320 13 Truck 7200 14 Accum. Deprec. - Truck 720 420 15 Accounts Payable 16 Wages Payable 17 Unearned Painting Revenue 18 Scott, Capital 19 Scott, Withdrawals 20 Painting Revenue 21 Wages Expense 22 Rent Expense 23 Fuel, Oil, and Other Truck Exp 24 Insurance Expense 295 1690 15034 2000 14620 5680 1350 580 380 2920 25 Supplies Expense 26 Depreciation Expense - Equip 27 Depreciation Expense Truck 320 720 33,099 $ 33,099 28 29 30 31 Prepare closing journal entries 32 %24 Nm4 5
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Personal Financial Statements
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education