Cash Accounts Receivable Supplies Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Account Titles (a) Service Revenue Salaries and Wages Expense Miscellaneous Expense Supplies Expense Salaries and Wages Payable ✓ Your answer is correct. Concord Company Adjusted Trial Balance For the Year Ended June 30, 2022 June 30 June 30 June 30 (b) June 30 Date Account Titles and Explanation Service Revenue Income Summary Prepare closing entries at June 30, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts) Income Summary Totals Adjusted Trial Balance Debit Credit $3,670 3,780 520 (To close revenue account) Miscellaneous Expense 1.300 Retained Earnings 800 310 2,200 $12,580 Salaries and Wages Expense Dividends (To close dividends) Supplies Expense (To close expense accounts) Income Summary eTextbook and Media List of Accounts Retained Earnings (To close net income / (loss)) Prepare a post-closing trial balance. $1.500 140 3,340 2,000 5,100 500 $12,580 Concord Company Post-Closing Trial Balance $ $ Debit Debit 5,100 3,810 1.290 800 $ Credit 5,100 Credit 1,300 310 2,200 1,290 800 Attempts: 1 of 3 used

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Cash
(a)
Accounts Receivable
Supplies
Accounts Payable
Unearned Service Revenue
Common Stock
Retained Earnings
Dividends
Service Revenue
Salaries and Wages Expense
Miscellaneous Expense
Supplies Expense
Salaries and Wages Payable
Account Titles
✓ Your answer is correct.
Concord Company
Adjusted Trial Balance
For the Year Ended June 30, 2022
June
30
June
30
(b)
June
30
Service Revenue
Date Account Titles and Explanation
June
30
Income Summary
Totals
Income Summary
Prepare closing entries at June 30, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent
manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts)
(To close revenue account)
Miscellaneous Expense
Income Summary
Adjusted Trial Balance
Debit
Credit
$3,670
Retained Earnings
3,780
Retained Earnings
Salaries and Wages Expense
Dividends
(To close dividends)
eTextbook and Media
520
1,300
Supplies Expense
(To close expense accounts)
List of Accounts
800
310
2,200
$12,580
(To close net income / (loss))
Prepare a post-closing trial balance.
$1,500
140
3,340
2,000
5,100
500
$12,580
Concord Company
Post-Closing Trial Balance
$
$
Debit
Debit
5,100
3,810
1,290
800
$
$
Credit
5,100
Credit
1,300
310
2,200
1,290
800
Attempts: 1 of 3 used
Transcribed Image Text:Cash (a) Accounts Receivable Supplies Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Miscellaneous Expense Supplies Expense Salaries and Wages Payable Account Titles ✓ Your answer is correct. Concord Company Adjusted Trial Balance For the Year Ended June 30, 2022 June 30 June 30 (b) June 30 Service Revenue Date Account Titles and Explanation June 30 Income Summary Totals Income Summary Prepare closing entries at June 30, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) (To close revenue account) Miscellaneous Expense Income Summary Adjusted Trial Balance Debit Credit $3,670 Retained Earnings 3,780 Retained Earnings Salaries and Wages Expense Dividends (To close dividends) eTextbook and Media 520 1,300 Supplies Expense (To close expense accounts) List of Accounts 800 310 2,200 $12,580 (To close net income / (loss)) Prepare a post-closing trial balance. $1,500 140 3,340 2,000 5,100 500 $12,580 Concord Company Post-Closing Trial Balance $ $ Debit Debit 5,100 3,810 1,290 800 $ $ Credit 5,100 Credit 1,300 310 2,200 1,290 800 Attempts: 1 of 3 used
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