Emil Skoda Company had the following adjusted trial balance.
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EMIL SKODA COMPANY Adjusted Trial Balance For the Month Ended June 30, 2011 |
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Adjusted Trial Balance |
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Account Titles |
Debits |
Credits |
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Cash |
$ 3,712 |
|
|
Accounts Receivable |
3,904 |
|
|
Supplies |
480 |
|
|
Accounts Payable |
$ 1,792 |
|
|
Unearned Revenue |
160 |
|
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Common Stock |
5,000 |
|
|
Retained Earnings |
760 |
|
|
Dividends |
300 |
|
|
Service Revenue |
4,064 |
|
|
Salaries Expense |
1,344 |
|
|
Miscellaneous Expense |
256 |
|
|
Supplies Expense |
2,228 |
|
|
Salaries Payable |
448 |
|
|
$12,224 |
$12,224 |
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Instructions
(a) Prepare closing entries at June 30, 2011.
(b) Prepare a post closing trial balance.