G. Outreach Signals Company End-of-Period Spreadsheet 1 2 3 For the Year Ended December 31, 20Y1 Unadjusted Trial Balance Adjusted Trial Balance 4. Adjustments 6 Account Title Dr. Cr. Dr. Cr. Dr. Cr. 8 Cash 9 Accounts Receivable 10 Prepaid Insurance 11 Supplies 12 Land 13 Building 14 Accum. Depr.-Building 15 Equipment 16 Accum. Depr.-Equipment 17 Accounts Payable 18 Salaries and Wages Payable 19 Unearned Rent 20 Inez Villanueva, Capital 21 Inez Villanueva, Drawing 22 Fees Eamed 23 Rent Revenue 24 Salaries and Wages Expense 256,820 25 Advertising Expense 26 Utilties Expense 27 Depr. Exp.--Bulding 28 Repairs Expense 29 Depr. Exp.-–Equipment 30 Insurance Expense 31 Supplies Expense 32 Misc. Expense 33 34 20,500 63,800 6,600 4,700 154,300 787,000 20,500 83,500 1,900 (a) 19.700 (b) 4,700 |(c) 3,540 1,160 154,300 787,000 402.000 |()14,200| 416,200 192,000 192,000 (e) 7,100 157,600 24,700 164,700 24,700 7,700 (© 7,700| 3,300 (g) 2,000 375,000 1,300 375.000 16,000 16,000 |(a)19,700 (9) 2,000 612,000 631,700 2,000 (0 7,700 264,520 34,200 17,900 14,200 13,930 7,100 4,700 3,540 6,850 58,940 1,623,300 1,623,300 34,200 17,900 (d) 14.200 13,930 (e) 7,100 (b) 4,700 (@ 3.540 6,850 1.574.600 1,574600 58.940

Question

I have done the post closting trial balance and it is way off.. maybe my journal entries are off..

 

  • Based upon the end-of-period spreadsheet, journalize the closing entries.
  • Prepare a post-closing trial balance.

 

G.
Outreach Signals Company
End-of-Period Spreadsheet
1
2
3
For the Year Ended December 31, 20Y1
Unadjusted
Trial Balance
Adjusted
Trial Balance
4.
Adjustments
6 Account Title
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
8 Cash
9 Accounts Receivable
10 Prepaid Insurance
11 Supplies
12 Land
13 Building
14 Accum. Depr.-Building
15 Equipment
16 Accum. Depr.-Equipment
17 Accounts Payable
18 Salaries and Wages Payable
19 Unearned Rent
20 Inez Villanueva, Capital
21 Inez Villanueva, Drawing
22 Fees Eamed
23 Rent Revenue
24 Salaries and Wages Expense 256,820
25 Advertising Expense
26 Utilties Expense
27 Depr. Exp.--Bulding
28 Repairs Expense
29 Depr. Exp.-–Equipment
30 Insurance Expense
31 Supplies Expense
32 Misc. Expense
33
34
20,500
63,800
6,600
4,700
154,300
787,000
20,500
83,500
1,900
(a) 19.700
(b) 4,700
|(c) 3,540
1,160
154,300
787,000
402.000
|()14,200|
416,200
192,000
192,000
(e) 7,100
157,600
24,700
164,700
24,700
7,700
(© 7,700|
3,300 (g) 2,000
375,000
1,300
375.000
16,000
16,000
|(a)19,700
(9) 2,000
612,000
631,700
2,000
(0 7,700
264,520
34,200
17,900
14,200
13,930
7,100
4,700
3,540
6,850
58,940 1,623,300 1,623,300
34,200
17,900
(d) 14.200
13,930
(e) 7,100
(b) 4,700
(@ 3.540
6,850
1.574.600 1,574600
58.940
Expand
Transcribed Image Text

G. Outreach Signals Company End-of-Period Spreadsheet 1 2 3 For the Year Ended December 31, 20Y1 Unadjusted Trial Balance Adjusted Trial Balance 4. Adjustments 6 Account Title Dr. Cr. Dr. Cr. Dr. Cr. 8 Cash 9 Accounts Receivable 10 Prepaid Insurance 11 Supplies 12 Land 13 Building 14 Accum. Depr.-Building 15 Equipment 16 Accum. Depr.-Equipment 17 Accounts Payable 18 Salaries and Wages Payable 19 Unearned Rent 20 Inez Villanueva, Capital 21 Inez Villanueva, Drawing 22 Fees Eamed 23 Rent Revenue 24 Salaries and Wages Expense 256,820 25 Advertising Expense 26 Utilties Expense 27 Depr. Exp.--Bulding 28 Repairs Expense 29 Depr. Exp.-–Equipment 30 Insurance Expense 31 Supplies Expense 32 Misc. Expense 33 34 20,500 63,800 6,600 4,700 154,300 787,000 20,500 83,500 1,900 (a) 19.700 (b) 4,700 |(c) 3,540 1,160 154,300 787,000 402.000 |()14,200| 416,200 192,000 192,000 (e) 7,100 157,600 24,700 164,700 24,700 7,700 (© 7,700| 3,300 (g) 2,000 375,000 1,300 375.000 16,000 16,000 |(a)19,700 (9) 2,000 612,000 631,700 2,000 (0 7,700 264,520 34,200 17,900 14,200 13,930 7,100 4,700 3,540 6,850 58,940 1,623,300 1,623,300 34,200 17,900 (d) 14.200 13,930 (e) 7,100 (b) 4,700 (@ 3.540 6,850 1.574.600 1,574600 58.940

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