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Sea World Amusement Park Adjusted Trial Balance on September 30, 2021 Adjusted Trial Balance Cr. Dr. Cash $31,400 28,600 31,900 80,000 220,000 Supplies Prepaid Insurance Land Equipment Accumulated Depreciation Unearned Admission Revenue Accounts payable Mortgage Payable Sea World, Capital Sea World, Drawing $30,200 3,700 14,600 56,000 209,700 14,000 Admission Revenue 277,800 Salaries Expense Repair Expense Advertising Expense Utilities Expense Property Taxes Expense Interest Expense 105,000 30,800 9,400 16,900 18,000 6,000 592,000 Totals 592,000 REQUIRED: Prepare closing journal entries for the year ended September 30, 2021. b. Prepare the Sea World, Drawings Account; Sea World, Capital Account; and Income Summary Account. c. Prepare a post closing trial balance as of September 30, 2021.

Sea World Amusement Park Adjusted Trial Balance on September 30, 2021 Adjusted Trial Balance Cr. Dr. Cash $31,400 28,600 31,900 80,000 220,000 Supplies Prepaid Insurance Land Equipment Accumulated Depreciation Unearned Admission Revenue Accounts payable Mortgage Payable Sea World, Capital Sea World, Drawing $30,200 3,700 14,600 56,000 209,700 14,000 Admission Revenue 277,800 Salaries Expense Repair Expense Advertising Expense Utilities Expense Property Taxes Expense Interest Expense 105,000 30,800 9,400 16,900 18,000 6,000 592,000 Totals 592,000 REQUIRED: Prepare closing journal entries for the year ended September 30, 2021. b. Prepare the Sea World, Drawings Account; Sea World, Capital Account; and Income Summary Account. c. Prepare a post closing trial balance as of September 30, 2021.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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1. Sea World Amusement Park Adjusted Trial Balance on September 30, 2021 Adjusted Trial Balance Dr. Cr. Cash $31,400 28,600 31,900 80,000 220,000 Supplies Prepaid Insurance Land Equipment Accumulated Depreciation Unearned Admission Revenue Accounts payable Mortgage Payable Sea World, Capital Sea World, Drawing Admission Revenue Salaries Expense Repair Expense Advertising Expense Utilities Expense Property Taxes Expense Interest Expense Totals $30,200 3,700 14,600 56,000 209,700 14,000 277,800 105,000 30,800 9,400 16,900 18,000 6,000 592,000 592,000 REQUIRED: Prepare closing journal entries for the year ended September 30, 2021. b. Prepare the Sea World, Drawings Account; Sea World, Capital Account; and Income Summary Account. c. Prepare a post closing trial balance as of September 30, 2021.
Transcribed Image Text:1. Sea World Amusement Park Adjusted Trial Balance on September 30, 2021 Adjusted Trial Balance Dr. Cr. Cash $31,400 28,600 31,900 80,000 220,000 Supplies Prepaid Insurance Land Equipment Accumulated Depreciation Unearned Admission Revenue Accounts payable Mortgage Payable Sea World, Capital Sea World, Drawing Admission Revenue Salaries Expense Repair Expense Advertising Expense Utilities Expense Property Taxes Expense Interest Expense Totals $30,200 3,700 14,600 56,000 209,700 14,000 277,800 105,000 30,800 9,400 16,900 18,000 6,000 592,000 592,000 REQUIRED: Prepare closing journal entries for the year ended September 30, 2021. b. Prepare the Sea World, Drawings Account; Sea World, Capital Account; and Income Summary Account. c. Prepare a post closing trial balance as of September 30, 2021.
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