Please do not give solution in image format thanku 3. Prepare a post-closing trial balance at September 30, 2021.Answer is complete but not entirely correct.STARBOOKS CORPORATIONPost-closing Trial BalanceAt September 30, 2021Account TitlesCashAccounts ReceivableSuppliesPrepaid RentEquipmentAccumulated DepreciationAccounts PayableDeferred RevenueNotes Payable (short-term)Notes Payable (long-term)Common StockRetained EarningsService RevenueInterest RevenueTravel ExpenseSalaries and Wages ExpenseRent ExpenseDepreciation ExpenseSupplies ExpenseIncome Tax ExpenseTotals$Debit296296496963,196Credit8965961964961961961,496 X6,18896**3333332,596 X2,196 X396 X296196296$ 10,356 S 10,356 [The following information applies to the questions displayed below.]Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts andamounts reported in its accounting records. The accounts have normal debit or credit balances. Assume the year endedon September 30, 2021.Accounts PayableAccounts ReceivableAccumulated DepreciationCashCommon StockDeferred RevenueDepreciation ExpenseEquipmentIncome Tax ExpenseInterest RevenueNotes Payable (long-term)Notes Payable (short-term)Prepaid RentRent ExpenseRetained EarningsSalaries and Wages ExpenseService RevenueSuppliesSupplies ExpenseTravel Expense$ 5962968962961961962963,19629696196496963961,4962,1966,1884961962,596

POST CLOSING TRAIL BALANCE Post Closing Trail Balance is Prepared after the adjusted Trail…

3. Prepare a post-closing trial balance at September 30, 2021. Answer is complete but not entirely correct. STARBOOKS CORPORATION Post-closing Trial Balance At September 30, 2021 Account Titles Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Deferred Revenue Notes Payable (short-term) Notes Payable (long-term) Common Stock Retained Earnings Service Revenue Interest Revenue Travel Expense Salaries and Wages Expense Rent Expense Depreciation Expense Supplies Expense Income Tax Expense Totals $ Debit 296 296 496 96 3,196 2,596 2,196 X 396 X 296 196 296 10,356 Credit 896 596 196 496 196 196 1,496 X 6,188 96 **333333 S 10,356

3. Prepare a post-closing trial balance at September 30, 2021. Answer is complete but not entirely correct. STARBOOKS CORPORATION Post-closing Trial Balance At September 30, 2021 Account Titles Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Deferred Revenue Notes Payable (short-term) Notes Payable (long-term) Common Stock Retained Earnings Service Revenue Interest Revenue Travel Expense Salaries and Wages Expense Rent Expense Depreciation Expense Supplies Expense Income Tax Expense Totals $ Debit 296 296 496 96 3,196 2,596 2,196 X 396 X 296 196 296 10,356 Credit 896 596 196 496 196 196 1,496 X 6,188 96 **333333 S 10,356

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter6: Accounting For Merchandising Businesses

Section: Chapter Questions

Problem 5PA: The following selected accounts and their current balances appear in the ledger of Clairemont Co....

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