Post-closing trial balance for showers company

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Reference no: EM13529436

The following adjusted trial balance contains the accounts and balances of Showers Company as of December 31, 2011, the end of its fiscal year.

(1) Prepare the December 31, 2011, closing entries for Showers Company.

(2) Prepare the December 31, 2011, post-closing trial balance for Showers Company.

No.

Account Title

Debit

Credit

101

Cash

$18,000

 

126

Supplies

12,000

 

128

Prepaid insurance

2,000

 

167

Equipment

23,000

 

168

Accumulated depreciation - Equipment

 

$6,500

301

R. Showers, Capital

 

46,600

302

R. Showers, Withdrawals

6,000

 

404

Services revenue

 

36,000

612

Depreciation expense - Equipment

2,000

 

622

Salaries expense

21,000

 

637

Insurance expense

1,500

 

640

Rent expense

2,400

 

652

Supplies expense

1,200

 
 

Totals

$89,100

$89,100

Reference no: EM13529436

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