given below are the Unadjusted Trial Balance & Adjusted Trial Balance columns prepared for the Greece Corporation for the month ended March 31, 2010. Adjusted Trial Unadjusted Trial Balance Balance Particulars Debit Credit Debit Credit Cash 49800 49800 Commissions Receivable 30000 38500 Office Supplies Office Equipment 6000 2400 66000 66000 Accumulated Depreciation: Office Equipment Accounts Payable Salaries Payable Unearned Commissions Capital Stock Dividends Commissions Earned Salaries Expense Rent Expense Office Supplies Expense 24200 25300 16600 16600 5500 1900 123000 4000 123000 10000 10000 69000 79600 60000 65500 15000 15000 3600 Depreciation Expense: Office Equipment 1100 Total 236800 236800 251900 251900 Instructions: a. Prepare necessary adjusting entries from the two-trial balance given above. b. Prepare Closing Entries & After Closing Trial Balance for the month ended 31 March 2010
given below are the Unadjusted Trial Balance & Adjusted Trial Balance columns prepared for the Greece Corporation for the month ended March 31, 2010. Adjusted Trial Unadjusted Trial Balance Balance Particulars Debit Credit Debit Credit Cash 49800 49800 Commissions Receivable 30000 38500 Office Supplies Office Equipment 6000 2400 66000 66000 Accumulated Depreciation: Office Equipment Accounts Payable Salaries Payable Unearned Commissions Capital Stock Dividends Commissions Earned Salaries Expense Rent Expense Office Supplies Expense 24200 25300 16600 16600 5500 1900 123000 4000 123000 10000 10000 69000 79600 60000 65500 15000 15000 3600 Depreciation Expense: Office Equipment 1100 Total 236800 236800 251900 251900 Instructions: a. Prepare necessary adjusting entries from the two-trial balance given above. b. Prepare Closing Entries & After Closing Trial Balance for the month ended 31 March 2010
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
kindly solve part a and b
![given below are the Unadjusted Trial Balance & Adjusted Trial Balance
columns prepared for the Greece Corporation for the month ended March 31,
2010.
Adjusted Trial
Unadjusted Trial Balance
Balance
Particulars
Debit
Credit
Debit
Credit
Cash
49800
49800
Commissions Receivable
30000
38500
2400
Office Supplies
Office Equipment
Accumulated Depreciation: Office Equipment
Accounts Payable
Salaries Payable
6000
66000
66000
24200
25300
16600
16600
5500
Unearned Commissions
4000
1900
Capital Stock
123000
123000
Dividends
10000
10000
Commissions Earned
69000
79600
Salaries Expense
Rent Expense
Office Supplies Expense
60000
65500
15000
15000
3600
Depreciation Expense: Office Equipment
1100
Total
236800 236800
251900
251900
Instructions:
a. Prepare necessary adjusting entries from the two-trial balance given
above.
b. Prepare Closing Entries & After Closing Trial Balance for the month ended
31 March 2010](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbae80f9d-5c32-402b-81da-3d302208b50c%2Ffe68717e-e935-4e1a-a86d-ceecaac2f189%2F2ek7d4o_processed.jpeg&w=3840&q=75)
Transcribed Image Text:given below are the Unadjusted Trial Balance & Adjusted Trial Balance
columns prepared for the Greece Corporation for the month ended March 31,
2010.
Adjusted Trial
Unadjusted Trial Balance
Balance
Particulars
Debit
Credit
Debit
Credit
Cash
49800
49800
Commissions Receivable
30000
38500
2400
Office Supplies
Office Equipment
Accumulated Depreciation: Office Equipment
Accounts Payable
Salaries Payable
6000
66000
66000
24200
25300
16600
16600
5500
Unearned Commissions
4000
1900
Capital Stock
123000
123000
Dividends
10000
10000
Commissions Earned
69000
79600
Salaries Expense
Rent Expense
Office Supplies Expense
60000
65500
15000
15000
3600
Depreciation Expense: Office Equipment
1100
Total
236800 236800
251900
251900
Instructions:
a. Prepare necessary adjusting entries from the two-trial balance given
above.
b. Prepare Closing Entries & After Closing Trial Balance for the month ended
31 March 2010
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