Willow Turenne Company had the following adjusted trial balance.
|
Adjusted Trial Balance |
||
|
Account Titles |
Debits |
Credits |
|
Cash |
$ 3,712 |
|
|
Accounts Receivable |
3,904 |
|
|
Supplies |
480 |
|
|
Accounts Payable |
$ 1,556 |
|
|
Unearned Service Revenue |
160 |
|
|
Owner’s Capital |
5,760 |
|
|
Owner’s Drawings |
628 |
|
|
Service Revenue |
4,300 |
|
|
Salaries and Wages Expense |
1,344 |
|
|
Miscellaneous Expense |
256 |
|
|
Supplies Expense |
1,900 |
|
|
Salaries and Wages Payable |
448 |
|
|
$12,224 |
$12,224 |
|
Instructions
(a) Prepare closing entries at June 30, 2012.
(b) Prepare a post closing trial balance.