Adjusted Trial Balance Account Titles Debits Credits Cash 3,789 Accounts Receiva

Question

Adjusted Trial Balance

Account Titles                                                Debits                                   Credits
Cash                                                                  3,789    
Accounts Receivable                                           3,811    
Supplies                                                                561    
Accounts Payable                                                                                          1,825
Unearned Revenue                                                                                          158
Emil Skoda, Capital                                                                                       5,806
Emil Skoda, Drawing                                              356    
Service Revenue                                                                                            4,135
Salaries Expense                                                  1,205    
Miscellaneous Expense                                           390    
Supplies Expense                                                 2,197     
Salaries Payable                                                                                               385

                                                                       $12,309                               $12,309

(a) Prepare closing entries at June 30, 2010. (For multiple debit/credit entries, list amounts from largest to
smallest eg 10, 5, 3, 2.)

Thanks

Explanation / Answer

                                            Debit             Credit Service revenue                  $4,135      Income Summary                                  $4,135 Income Summary               $3,792        Supplies Expense                                  $2,197        Salaries Expense                                   $1,205    
       Miscellaneous Expense                          $  390 Income Summary               $343           Emil Skoda, Capital                             $343 Emil Skoda, Capital           $356           Emil Skoda, Drawing                           $356
     

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