The adjusted trial balance for Sundance Marketing Co. follows. Complete the four right most columns of the table by first entering information for the four closing entries (keyed 1 through 4) and second by completing the post closing trial balance.
|
|
|
Adjusted Trial Balance |
Closing Entry Information |
Post Closing Trial Balance |
||||
|
No. |
Account Title |
Dr. |
Cr. |
Dr. |
Cr. |
Dr. |
Cr. |
|
|
101 |
Cash |
$8,200 |
|
|
|
|
||
|
106 |
Accounts receivable |
24,000 |
|
|
|
|
||
|
153 |
Equipment |
41,000 |
|
|
|
|
||
|
154 |
Accumulated depreciation—Equipment |
|
$16,500 |
|
|
|
|
|
|
193 |
Franchise |
30,000 |
|
|
|
|
||
|
201 |
Accounts payable |
|
14,000 |
|
|
|
|
|
|
209 |
Salaries payable |
|
3,200 |
|
|
|
|
|
|
233 |
Unearned fees |
|
2,600 |
|
|
|
|
|
|
301 |
H. Sundance, Capital |
|
64,500 |
|
|
|
|
|
|
302 |
H. Sundance, Withdrawals |
14,400 |
|
|
|
|
||
|
401 |
Marketing fees earned |
|
79,000 |
|
|
|
|
|
|
611 |
Depreciation expense—Equipment |
11,000 |
|
|
|
|
||
|
622 |
Salaries expense |
31,500 |
|
|
|
|
||
|
640 |
Rent expense |
12,000 |
|
|
|
|
||
|
677 |
Miscellaneous expenses |
7,700 |
|
|
|
|
||
|
901 |
Income summary |
|
|
|
|
|
||
|
Totals |
$179,800 |
$179,800 |
|
|
|
|
||