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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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WILLOW TURENNE COMPANY Adjusted Trial Balance For the Month Ended June 30, 2012 Adjusted Trial Balance Account Titles Debits Credits $ 3,712 3,904 Cash Accounts Receivable Supplies Accounts Payable Unearned Service Revenue 480 $ 1,556 160 Owner's Capital Owner's Drawings 5,760 628 Service Revenue 4,300 Salaries and Wages Expense Miscellaneous Expense Supplies Expense Salaries and Wages Payable 1,344 256 1,900 448 $12,224 $12,224 Instructions (a) Prepare closing entries at June 30, 2012. (b) Prepare a post-closing trial balance.
Transcribed Image Text:WILLOW TURENNE COMPANY Adjusted Trial Balance For the Month Ended June 30, 2012 Adjusted Trial Balance Account Titles Debits Credits $ 3,712 3,904 Cash Accounts Receivable Supplies Accounts Payable Unearned Service Revenue 480 $ 1,556 160 Owner's Capital Owner's Drawings 5,760 628 Service Revenue 4,300 Salaries and Wages Expense Miscellaneous Expense Supplies Expense Salaries and Wages Payable 1,344 256 1,900 448 $12,224 $12,224 Instructions (a) Prepare closing entries at June 30, 2012. (b) Prepare a post-closing trial balance.
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