Exercise 1 Presented below is the adjusted trial balance of Elvie Zulueta, CPA for the year ended December 20A. Elvie Zulueta, CPA Adjusted Trial Balance December 31, 20A Debit Credit Cash in Bank Accounts Receivable 78,000 35,000 Estimated Uncollectible Account 480 Unused supplies Office Equipment 12,500 45,000 Accumulated Depreciation 4,500 13,000 Accounts Payable E Zulueta, Capital E. Zulueta, Drawing 47,500 15,000 Professional Income 180,000 Uncollectible Account 480 Depreciation Expense 4,500 Utilities Expense 25,000 Supplies Used 5,000 Salaries Expense 15,000 Rent Expense 10,000 Total 245,480 245,480 REQUIRED. 1. Closing Entries 2. Post-closing Trial Balance 3. Opening entry on January 1, 20B

Exercise 1 Presented below is the adjusted trial balance of Elvie Zulueta, CPA for the year ended December 20A. Elvie Zulueta, CPA Adjusted Trial Balance December 31, 20A Debit Credit Cash in Bank Accounts Receivable 78,000 35,000 Estimated Uncollectible Account 480 Unused supplies Office Equipment 12,500 45,000 Accumulated Depreciation 4,500 13,000 Accounts Payable E Zulueta, Capital E. Zulueta, Drawing 47,500 15,000 Professional Income 180,000 Uncollectible Account 480 Depreciation Expense 4,500 Utilities Expense 25,000 Supplies Used 5,000 Salaries Expense 15,000 Rent Expense 10,000 Total 245,480 245,480 REQUIRED. 1. Closing Entries 2. Post-closing Trial Balance 3. Opening entry on January 1, 20B

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Description: ll 11:357. 52%EditWPS1Exercise 1:WORKSHEET PREPARATIONDate Performed:Date Checked:.Score:Instructor's Signature:Date ReturnedExercise 1Presented below is the adjusted trial balance of Elvie Zulueta, CPA for the year ended December20A.Elvie Zulueta,

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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