Kay Magill Company had the following adjusted trial balance.
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KAY MAGILL COMPANY Adjusted Trial Balance For the Month Ended June 30, 2014 |
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Account Titles |
Adjusted Trial Balance |
|
|
Debit |
Credit |
|
|
Cash Accounts Receivable Supplies |
$ 3,712 |
|
|
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 |
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Instructions
(a) Prepare closing entries at June 30, 2014.
(b) Prepare a post-closing trial balance.