Natale had a very busy December. At the end of the month, after joumalizing and posting theDecember transactions and adjusting entries, Natale prepared the folowing adjusted trial balance.Cookie CreationsAdjusted Trial BalanceDecember 31, 2019No.Account TitlesDebtCredk101Cash1180112Accounts Receivable875126Supples350130Prepaid Insurance1210157Equipment1200158Accumulated Depreciation -Equipment10200Accounts Payable75201Notes Payable2000212Salaries and Wages Payable56230Interest Payable15Owner's CaptalOwner's Dravings301800306500235Uneamed Service Revenue300400Service Revenue4515610Advertšing Expense165631Supplies Expense1025711Depreciation Expense40715ULiRies Expense125722Insurance Expanse110726Salarles and V/ages Expense1006905Interest Expense1578017801Instructions(a) Prepare the cosing entries(b) Post the closing entries. Use the three-column form of account.(C) Prepare a post-cosing tral balance.

Closing entries are to be reported in the books to close the temporary accounts.

2000 56 15 800 201 Notes Payable 212 Saleries and Wages Payable 230 Interest Payable 301 Owner's Captal 306 Owner's Dravings 500 235 Uneamed Servica Revenue 300 400 Service Revenue 4515 610 Advertising Expense 165 631 Supples Expense 1025 711 Depreciation Expense 40 715 UURies Expense 125 722 Insurance Expanse 110 726 Salarles and Vages Expense 1006 905 Interest Expense 15 7801 7801 Instructions (a) Prepare the cosing entries (b) Post the cosing entries. Use the three-column form of account. (c) Prepare a post-cosing tral balance.

2000 56 15 800 201 Notes Payable 212 Saleries and Wages Payable 230 Interest Payable 301 Owner's Captal 306 Owner's Dravings 500 235 Uneamed Servica Revenue 300 400 Service Revenue 4515 610 Advertising Expense 165 631 Supples Expense 1025 711 Depreciation Expense 40 715 UURies Expense 125 722 Insurance Expanse 110 726 Salarles and Vages Expense 1006 905 Interest Expense 15 7801 7801 Instructions (a) Prepare the cosing entries (b) Post the cosing entries. Use the three-column form of account. (c) Prepare a post-cosing tral balance.

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter16: Financial Statements And Closing Entries For A Corporation

Section16.5: Preparing A Post-closing Trial Balance

Problem 1WT

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