Starbooks Corporation provides an online bookstore for electronic books. The fol
ID: 2337269 • Letter: S
Question
Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Assume the year ended on September 30, 2018 2 3 Accounts Payable Accounts Receivable Accunul ated Depreciation 303 Common St ock Deferred Reveue Depreciation Expense Equipment Ince Tax Expense Interest Reveue 3, 203 Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent Rent Expense Retained Eamings Salaries nd ages Expense Service Revenue 1, 503 2, 203 6, 209 ies Supplies Expense Travel Expense 203 2, 603 3. Prepare a post-closing trial balance at September 30, 2018. STARBOOKS CORPORATION Post-closing Trial Balance Account Titles Debit Credit Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Deferred Revenue Notes Payable (short-term) Notes Payable (ong-term) Common Stock Retained Earnings Service Revenue Interest Revenue Travel Expense Salaries and Wages Expense Rent Expense Depreciation Expense Supplies Expense Income Tax Expense TotalsExplanation / Answer
STARBOOKS CORPORATION
Post-Closing Trial balance
For the year ended September 30, 2018
Accounts Titles
Debit
Credit
Cash
$ 303.00
Accounts Receivable
$ 303.00
Supplies
$ 503.00
Prepaid rent
$ 103.00
Equipment
$ 3,203.00
Accumulated Depreciation
$ 903.00
Accounts Payable
$ 603.00
Deferred Revenue
$ 203.00
Notes payable (short term)
$ 203.00
Notes payable (Long term)
$ 503.00
Common stock
$ 203.00
Retained Earnings
$ 1,503.00
Service Revenue
$ 6,209.00
Interest Revenue
$ 103.00
Travel Expense
$ 2,603.00
Salaries and wages expense
$ 2,203.00
Rent expense
$ 403.00
Depreciation Expense
$ 303.00
Supplies Expense
$ 203.00
Income Tax expense
$ 303.00
Total
$ 10,433.00
$ 10,433.00
STARBOOKS CORPORATION
Post-Closing Trial balance
For the year ended September 30, 2018
Accounts Titles
Debit
Credit
Cash
$ 303.00
Accounts Receivable
$ 303.00
Supplies
$ 503.00
Prepaid rent
$ 103.00
Equipment
$ 3,203.00
Accumulated Depreciation
$ 903.00
Accounts Payable
$ 603.00
Deferred Revenue
$ 203.00
Notes payable (short term)
$ 203.00
Notes payable (Long term)
$ 503.00
Common stock
$ 203.00
Retained Earnings
$ 1,503.00
Service Revenue
$ 6,209.00
Interest Revenue
$ 103.00
Travel Expense
$ 2,603.00
Salaries and wages expense
$ 2,203.00
Rent expense
$ 403.00
Depreciation Expense
$ 303.00
Supplies Expense
$ 203.00
Income Tax expense
$ 303.00
Total
$ 10,433.00
$ 10,433.00
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.