Nano Technology Solution Co has prepared the following unadjusted tral balance at Jan 31, 2019 Nano Technology Solution Co. Adjusted Trial Balance January 31, 2019 Debit 13100 8000 7500 190 000 Credit Cash Supplies Prepaid insurance Trucks Accumulated Depreciation-Truck Account payable Uneamed Fees Note payable (due 2025) Smith's Capital Smth's Drawing Fees earned Salary expense Rent Expense Electricity Expenses 27 100 4500 11,000 20.000 106400 3000 131,000 61000 7600 9800 300.000 300.000 Requirement 1 Prepare income statement and stamen of Owner's Equity •2 Journalize necessary closing entry 3. Prepare Post closing Trail balance
Nano Technology Solution Co has prepared the following unadjusted tral balance at Jan 31, 2019 Nano Technology Solution Co. Adjusted Trial Balance January 31, 2019 Debit 13100 8000 7500 190 000 Credit Cash Supplies Prepaid insurance Trucks Accumulated Depreciation-Truck Account payable Uneamed Fees Note payable (due 2025) Smith's Capital Smth's Drawing Fees earned Salary expense Rent Expense Electricity Expenses 27 100 4500 11,000 20.000 106400 3000 131,000 61000 7600 9800 300.000 300.000 Requirement 1 Prepare income statement and stamen of Owner's Equity •2 Journalize necessary closing entry 3. Prepare Post closing Trail balance
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:Nano Technology Solution Co has prepared the foliowing unadjusted trial balance at Jan 31, 2019
Nano Technology Solution Co.
Adjusted Trial Balance
January. 31, 2019
Debit
13100
8000
7500
190 000
Credit
Cash
Supplies
Prepaid insurance
Trucks
Accumulated Depreciation-Truck
Account payable
Unearned Fees
Note payable (due 2025)
Smith s Capital
Smith's Drawing
Fees earned
Salary expense
Rent Expense
Electricity Expenses
27 100
4500
11,000
20,000
106400
3000
131,000
61000
7600
9800
300.000
300,000
Requirement
Prepare income statement and stamen of Owner's Equity
Journalize nocessary closing entry
Prepare Post-closing Trail balance
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