Ex5.19 From the following accounts (not in order), prepare a post-closing trial balance for Winter Co. on October 31, 201X. Note: These balances are before closing. Accounts Receivable $19,950 P. Winter, Capital $45,300 Legal Supplies 9,700 P. Winter, Withdrawals 3,000 Office Equipment 54,400 Legal Fees Earned 28,000 Repair Expense 2,700 Accounts Payable 48,000 Salaries Expense 1,550 Cash 30,000

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Ex5.19
From the following accounts (not in order), prepare a post-closing trial balance for Winter Co. on
October 31, 201X. Note: These balances are before closing.
Accounts Receivable $19,950
P. Winter, Capital $45,300
Legal Supplies 9,700
P. Winter, Withdrawals 3,000
Office Equipment 54,400
Legal Fees Earned 28,000
Repair Expense 2,700
Accounts Payable 48,000
Salaries Expense 1,550
Cash 30,000

Adjustment Data
a. Insurance expired, $100.
b. Dance supplies on hand, $1,100.
c. Depreciation on dance equipment, $2,000.
d. Salaries earned by employees but not to be paid until October, $1,000.
Your task is to do the following:
1. Prepare a worksheet.
2. Journalize adjusting and closing entries.

DAISY'S DANCE STUDIO
TRIAL BALANCE
SEPTEMBER 30, 201X
Dr.
Cr.
Cash
Accounts Receivable
60 00000
11 0 0000
Prepaid Insurance
Dance Supplies
Dance Equipment
Accumunated Depreciation, Dance Equipment
Accounts Payable
D. Dalia, Capital
D. Dalia, Withdrawals
Dance Fees Earned
Salaries Expense
Telephone Expense
Advertising Expense
80000
140000
19 0 0000
10 20000
1800000
4550000
40000
2180000,
170000
70 000
5,0000
9550000
9550000
Adjustment Data
Transcribed Image Text:DAISY'S DANCE STUDIO TRIAL BALANCE SEPTEMBER 30, 201X Dr. Cr. Cash Accounts Receivable 60 00000 11 0 0000 Prepaid Insurance Dance Supplies Dance Equipment Accumunated Depreciation, Dance Equipment Accounts Payable D. Dalia, Capital D. Dalia, Withdrawals Dance Fees Earned Salaries Expense Telephone Expense Advertising Expense 80000 140000 19 0 0000 10 20000 1800000 4550000 40000 2180000, 170000 70 000 5,0000 9550000 9550000 Adjustment Data
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