The adjusted trial balance for CYBER Ltd. at December 31, 2022, is shown below: CYBER LTD. Adjusted Trial Balance December 31, 2022 Debit Cash... $ 8,500 Accounts receivable. 3,200 Supplies. 950 Prepaid insurance 600 Equipment.. 73,500 Accumulated depreciation-Equipment.. Accounts payable.. Salaries payable Income tax payable. Common shares Retained earnings. Service revenue. Salaries expense Supplies expense. Insurance expense. Depreciation expense Utilities expense. Income tax expense Total. Instructions (a) Prepare the closing journal entries required. (b) Prepare the post closing trial balance ********** ***** ****** Credit $ 18,500 4,500 1,650 630 24,000 36,000 33,300 15,850 9,850 700 1,900 2,900 630 $118.580 $118.580

The adjusted trial balance for CYBER Ltd. at December 31, 2022, is shown below: CYBER LTD. Adjusted Trial Balance December 31, 2022 Debit Cash... $ 8,500 Accounts receivable. 3,200 Supplies. 950 Prepaid insurance 600 Equipment.. 73,500 Accumulated depreciation-Equipment.. Accounts payable.. Salaries payable Income tax payable. Common shares Retained earnings. Service revenue. Salaries expense Supplies expense. Insurance expense. Depreciation expense Utilities expense. Income tax expense Total. Instructions (a) Prepare the closing journal entries required. (b) Prepare the post closing trial balance ******** * **** Credit $ 18,500 4,500 1,650 630 24,000 36,000 33,300 15,850 9,850 700 1,900 2,900 630 $118.580 $118.580

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Description: The adjusted trial balance for CYBER Ltd. at December 31, 2022, is shown below:CYBER LTD.Adjusted Trial BalanceDecember 31, 2022DebitCash..$ 8,500Accounts receivable..3,200Supplies......950Prepaid insurance.600Equipment....73,500Accumulated deprecia

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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