PB9, LO 5.2 Assuming the following Adjusted Trial Balance, create the Post-Closing Trial Balance that would result after all closing journal entries were made and posted: Adjusted Trial Balance Debit Credit Cash $ 8,625 Accounts Receivable 11,600 Accounts Payable $ 8,450 Unearned Revenue 1,500 Common Stock 10,000 Retained Earnings 12,275 Dividends 2,000 Service Revenue 97,500 Advertising Expense 2,500 Rent Expense 18,000 Utilities Expense 12,000 Wages Expense 75,000 $129,725 $129,725

PB9, LO 5.2 Assuming the following Adjusted Trial Balance, create the Post-Closing Trial Balance that would result after all closing journal entries were made and posted: Adjusted Trial Balance Debit Credit Cash $ 8,625 Accounts Receivable 11,600 Accounts Payable $ 8,450 Unearned Revenue 1,500 Common Stock 10,000 Retained Earnings 12,275 Dividends 2,000 Service Revenue 97,500 Advertising Expense 2,500 Rent Expense 18,000 Utilities Expense 12,000 Wages Expense 75,000 $129,725 $129,725

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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Sta Tru True True True o True or ¿ rue or F Directions: The general ledger for Ozaki Tax Services on December 31 of the current year is illustrated below in T-account form. 1. Using the general journal form on the next page, enter the four necessary closing entries. 2. Post the closing entries to the general ledger T accounts provided. 3. Prepare a post-closing trial balance using the two-column form provided on the next page. Cash In Bank Computer Equipment Bal. 15,000 Bal. 4,000 Accounts Pavable Bal. 4,000 Income Summary Utilities Expense Bal. 1,500 Accounts Receivable Bal. 500 Jov Ozaki, Capital Bal. 7,000 Accounting Fees Bal. 16,000 hnwollet eritão duidw fed tandissid Jov Ozaki. Withdrawals Bal. 3,000 1058 al 1263 Miscellaneous Expense Bal. 3,000 sliaque
A9
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The answer I was given was 3,836 which was incorrect. Could you please recalculate. Thank you.
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Dd.83.