Solution-Prepare closing entries at june 30

Prepare closing entries at june 30

Assignment Help Financial Accounting

Reference no: EM13522079

Willow Turenne Company had the following adjusted trial balance.

	Adjusted Trial Balance
Account Titles	Debits	Credits
Cash	$ 3,712
Accounts Receivable	3,904
Supplies	480
Accounts Payable		$ 1,556
Unearned Service Revenue		160
Owner's Capital		5,760
Owner's Drawings	628
Service Revenue		4,300
Salaries and Wages Expense	1,344
Miscellaneous Expense	256
Supplies Expense	1,900
Salaries and Wages Payable		448
	$12,224	$12,224

Instructions

(a) Prepare closing entries at June 30, 2012.

(b) Prepare a post-closing trial balance.

Reference no: EM13522079

Questions Cloud

Explain An unknown metal m was completely burned in o2 : A 4.000 g sample of an unknown metal, M, was completely burned in excess O2 to yield 0.02225 mol of the metal oxide, M2O3. What is the metal?

Enter trial balance on a worksheet and complete worksheet : Operating expenses incurred on account, but not yet recorded, total $1,500 - Enter the trial balance on a worksheet and complete the worksheet.

Explain cu is added to a solution acidic nitrate ion : Consider the experiment where Cu is added to a solution acidic nitrate ion (look for a half reaction with nitrate). In the balanced equation, what is the coefficient in front of Cu

Determine the average power delivered to the resistor : A series ac circuit contains a 270-\;{\rm{ }}\Omega resistor, a 10.0-\;{\rm mH} inductor, What is the average power delivered to the resistor, to the capacitor, and to the inductor

Prepare closing entries at june 30 : Prepare closing entries at June 30, 2012 and prepare a post-closing trial balance - Willow Turenne Company had the following adjusted trial balance.

Explain the enthalpy of formation per mole of product : Calculate the change in internal energy, (Delta E) for the reaction. What is the enthalpy of formation per mole of product for the reaction

Find the position and height of the final image : A 1.00-cm-high object is placed 4.70 cm to the left of a converging lens of focal length 7.60 cm. Find the position and height of the final image

Prepare a classified balance sheet and liquidity of company : Prepare a classified balance sheet; assume that $22,000 of the note payable will be paid in 2013 - comment on the liquidity of the company.

Evaluate the heat of reaction for the combustion of a mole : When 4.00 g of methylhydrazine is combusted in a bomb calorimeter, the temperature of the calorimeter increases from 25 C to 39.5 C. The heat capacity of the calorimeter is measured to be 7.794 kJ/C. Calculate the heat of reaction for the combusti..

User Account

All Pages

Prepare closing entries at june 30

Reference no: EM13522079

Reference no: EM13522079

Questions Cloud

Reviews

Write a Review

Financial Accounting Questions & Answers

Financial statement analysis and preparation

Shareholder of a company

Financial and accounting principles

Prepare a statement of cash flow using the direct method

Financial accounting assignment

Prepare general journal entries for goela

Principles of financial accounting

Prepare general journal entries to record the transactions

Global reporting initiative

Explain the iasb conceptual frameworks

Determine the company''s financial statements

Computation of free cash flow

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT