Miller CompanyAdjusted Trial BalanceDecember 31 Line Item Description Debit Credit Cash 8,130 Accounts Receivable 3,300 Prepaid Expenses 2,750 Equipment 10,400 Accumulated Depreciation 2,200 Accounts Payable 2,700 Notes Payable 1,000 Common Stock 9,200 Retained Earnings 2,000 Dividends 4,870 Fees Earned 36,600 Wages Expense 12,450 Rent Expense 4,900 Utilities Expense 3,475 Depreciation Expense 2,150 Miscellaneous Expense 1,275 Total 53,700 53,700 Question Content Area Journalize the closing entries. If an amount box does not require an entry, leave it blank. blank Account Debit Credit blank Accounts ReceivableCashFees EarnedSalary ExpenseSupplies - Select - - Select - Accounts ReceivableCashCommon StockWages ExpenseSupplies - Select - - Select - Accounts ReceivableCashCommon StockRent ExpenseSupplies - Select - - Select - Accounts ReceivableCashCommon StockUtilities ExpenseSupplies - Select - - Select - Accounts ReceivableCashCommon StockDepreciation ExpenseSupplies - Select - - Select - Accounts ReceivableCashCommon StockMiscellaneous ExpenseSupplies - Select - - Select - Accounts ReceivableCashCommon StockRetained EarningsSupplies - Select - - Select - blank Accounts ReceivableCashCommon StockRetained EarningsSupplies - Select - - Select - Accounts ReceivableCashCommon StockDividendsSupplies - Select - - Select - Question Content Area Prepare the post-closing trial balance. If an amount box does not require an entry, leave it blank. Miller CompanyPost-Closing Trial BalanceDecember 31 Line Item Description Amount Amount Accumulated DepreciationCashFees EarnedNotes PayableRetained Earnings - Select - - Select - Accounts PayableAccounts ReceivableAccumulated DepreciationNotes PayableRetained Earnings - Select - - Select - Accounts PayableNotes PayablePrepaid ExpensesRetained EarningsWage Expense - Select - - Select - Accounts PayableDepreciation ExpenseDividendsEquipmentRetained Earnings - Select - - Select - Accounts ReceivableAccumulated DepreciationCashMiscellaneous ExpensePrepaid Expenses - Select - - Select - Accounts PayableAccounts ReceivableCashFees EarnedRent Expense - Select - - Select - Accounts ReceivableCashCommon StockEquipmentNotes Payable - Select - - Select - Accounts ReceivableCashCommon StockEquipmentNotes Payable - Select - - Select - Accounts ReceivableCashDividendsRetained EarningsWage Expense - Select - - Select - Total Total Total

Miller CompanyAdjusted Trial BalanceDecember 31 Line Item Description Debit Credit Cash 8,130 Accounts Receivable 3,300 Prepaid Expenses 2,750 Equipment 10,400 Accumulated Depreciation 2,200 Accounts Payable 2,700 Notes Payable 1,000 Common Stock 9,200 Retained Earnings 2,000 Dividends 4,870 Fees Earned 36,600 Wages Expense 12,450 Rent Expense 4,900 Utilities Expense 3,475 Depreciation Expense 2,150 Miscellaneous Expense 1,275 Total 53,700 53,700 Question Content Area Journalize the closing entries. If an amount box does not require an entry, leave it blank. blank Account Debit Credit blank Accounts ReceivableCashFees EarnedSalary ExpenseSupplies - Select - - Select - Accounts ReceivableCashCommon StockWages ExpenseSupplies - Select - - Select - Accounts ReceivableCashCommon StockRent ExpenseSupplies - Select - - Select - Accounts ReceivableCashCommon StockUtilities ExpenseSupplies - Select - - Select - Accounts ReceivableCashCommon StockDepreciation ExpenseSupplies - Select - - Select - Accounts ReceivableCashCommon StockMiscellaneous ExpenseSupplies - Select - - Select - Accounts ReceivableCashCommon StockRetained EarningsSupplies - Select - - Select - blank Accounts ReceivableCashCommon StockRetained EarningsSupplies - Select - - Select - Accounts ReceivableCashCommon StockDividendsSupplies - Select - - Select - Question Content Area Prepare the post-closing trial balance. If an amount box does not require an entry, leave it blank. Miller CompanyPost-Closing Trial BalanceDecember 31 Line Item Description Amount Amount Accumulated DepreciationCashFees EarnedNotes PayableRetained Earnings - Select - - Select - Accounts PayableAccounts ReceivableAccumulated DepreciationNotes PayableRetained Earnings - Select - - Select - Accounts PayableNotes PayablePrepaid ExpensesRetained EarningsWage Expense - Select - - Select - Accounts PayableDepreciation ExpenseDividendsEquipmentRetained Earnings - Select - - Select - Accounts ReceivableAccumulated DepreciationCashMiscellaneous ExpensePrepaid Expenses - Select - - Select - Accounts PayableAccounts ReceivableCashFees EarnedRent Expense - Select - - Select - Accounts ReceivableCashCommon StockEquipmentNotes Payable - Select - - Select - Accounts ReceivableCashCommon StockEquipmentNotes Payable - Select - - Select - Accounts ReceivableCashDividendsRetained EarningsWage Expense - Select - - Select - Total Total Total

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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Question

Miller CompanyAdjusted Trial BalanceDecember 31

Line Item Description	Debit	Credit
Cash	8,130
Accounts Receivable	3,300
Prepaid Expenses	2,750
Equipment	10,400
Accumulated Depreciation		2,200
Accounts Payable		2,700
Notes Payable		1,000
Common Stock		9,200
Retained Earnings		2,000
Dividends	4,870
Fees Earned		36,600
Wages Expense	12,450
Rent Expense	4,900
Utilities Expense	3,475
Depreciation Expense	2,150
Miscellaneous Expense	1,275
Total	53,700	53,700

Question Content Area

Journalize the closing entries. If an amount box does not require an entry, leave it blank.

blank	Account	Debit	Credit
blank	Accounts ReceivableCashFees EarnedSalary ExpenseSupplies	- Select -	- Select -
	Accounts ReceivableCashCommon StockWages ExpenseSupplies	- Select -	- Select -
	Accounts ReceivableCashCommon StockRent ExpenseSupplies	- Select -	- Select -
	Accounts ReceivableCashCommon StockUtilities ExpenseSupplies	- Select -	- Select -
	Accounts ReceivableCashCommon StockDepreciation ExpenseSupplies	- Select -	- Select -
	Accounts ReceivableCashCommon StockMiscellaneous ExpenseSupplies	- Select -	- Select -
	Accounts ReceivableCashCommon StockRetained EarningsSupplies	- Select -	- Select -
blank	Accounts ReceivableCashCommon StockRetained EarningsSupplies	- Select -	- Select -
	Accounts ReceivableCashCommon StockDividendsSupplies	- Select -	- Select -

Question Content Area

Prepare the post-closing trial balance. If an amount box does not require an entry, leave it blank.

Miller CompanyPost-Closing Trial BalanceDecember 31

Line Item Description	Amount	Amount
Accumulated DepreciationCashFees EarnedNotes PayableRetained Earnings	- Select -	- Select -
Accounts PayableAccounts ReceivableAccumulated DepreciationNotes PayableRetained Earnings	- Select -	- Select -
Accounts PayableNotes PayablePrepaid ExpensesRetained EarningsWage Expense	- Select -	- Select -
Accounts PayableDepreciation ExpenseDividendsEquipmentRetained Earnings	- Select -	- Select -
Accounts ReceivableAccumulated DepreciationCashMiscellaneous ExpensePrepaid Expenses	- Select -	- Select -
Accounts PayableAccounts ReceivableCashFees EarnedRent Expense	- Select -	- Select -
Accounts ReceivableCashCommon StockEquipmentNotes Payable	- Select -	- Select -
Accounts ReceivableCashCommon StockEquipmentNotes Payable	- Select -	- Select -
Accounts ReceivableCashDividendsRetained EarningsWage Expense	- Select -	- Select -
Total	Total	Total

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