Graystone Inc Adjusted Trial Balance December 31, 2020 Account Title Debit Credit Cash 35,250 Supplies Prepaid Rent Accounts Receivable 320 22,000 18,100 Equipment Accumul.Dep-Equipment Accounts Payable Unearned Service Revenue Salaries Payable Interest Payable Notes Payable (2030) Share Capital-ordinary Dividends 14,000 60 9,890 4,250 4,800 500 10,000 48,000 5,500 Service Revenue 25,150 3,200 Rent Revenue Salaries Expense Supplies Expense Rent Expense Interest Expense Utilities Expense Depreciation Exp.-Equipment 4,800 2,180 2,000 500 1,140 60 Total 105,850 105,850
Graystone Inc Adjusted Trial Balance December 31, 2020 Account Title Debit Credit Cash 35,250 Supplies Prepaid Rent Accounts Receivable 320 22,000 18,100 Equipment Accumul.Dep-Equipment Accounts Payable Unearned Service Revenue Salaries Payable Interest Payable Notes Payable (2030) Share Capital-ordinary Dividends 14,000 60 9,890 4,250 4,800 500 10,000 48,000 5,500 Service Revenue 25,150 3,200 Rent Revenue Salaries Expense Supplies Expense Rent Expense Interest Expense Utilities Expense Depreciation Exp.-Equipment 4,800 2,180 2,000 500 1,140 60 Total 105,850 105,850
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter15: Contributed Capital
Section: Chapter Questions
Problem 17E
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a. Prepare the T-accounts for Retained Earningsand Income Summary
b. Prepare the Post-closing Trial Balanceand keep the order of accounts
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