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Ex5.19 From the following accounts (not in order), prepare a post-closing trial balance for Winter Co. on October 31, 201X. Note: These balances are before closing. Accounts Receivable $19,950 P. Winter, Capital $45,300 Legal Supplies 9,700 P. Winter, Withdrawals 3,000 Office Equipment 54,400 Legal Fees Earned 28,000 Repair Expense 2,700 Accounts Payable 48,000 Salaries Expense 1,550 Cash 30,000

Ex5.19 From the following accounts (not in order), prepare a post-closing trial balance for Winter Co. on October 31, 201X. Note: These balances are before closing. Accounts Receivable $19,950 P. Winter, Capital $45,300 Legal Supplies 9,700 P. Winter, Withdrawals 3,000 Office Equipment 54,400 Legal Fees Earned 28,000 Repair Expense 2,700 Accounts Payable 48,000 Salaries Expense 1,550 Cash 30,000

Financial Accounting
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter5: Accounting Systems
Section: Chapter Questions
Problem 16E: The cash payments and purchases journals for Outdoor Artisan Landscaping follow. The accounts...
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Ex5.19
From the following accounts (not in order), prepare a post-closing trial balance for Winter Co. on
October 31, 201X. Note: These balances are before closing.
Accounts Receivable $19,950
P. Winter, Capital $45,300
Legal Supplies 9,700
P. Winter, Withdrawals 3,000
Office Equipment 54,400
Legal Fees Earned 28,000
Repair Expense 2,700
Accounts Payable 48,000
Salaries Expense 1,550
Cash 30,000

Adjustment Data
a. Insurance expired, $100.
b. Dance supplies on hand, $1,100.
c. Depreciation on dance equipment, $2,000.
d. Salaries earned by employees but not to be paid until October, $1,000.
Your task is to do the following:
1. Prepare a worksheet.
2. Journalize adjusting and closing entries.

DAISY'S DANCE STUDIO TRIAL BALANCE SEPTEMBER 30, 201X Dr. Cr. Cash Accounts Receivable 60 00000 11 0 0000 Prepaid Insurance Dance Supplies Dance Equipment Accumunated Depreciation, Dance Equipment Accounts Payable D. Dalia, Capital D. Dalia, Withdrawals Dance Fees Earned Salaries Expense Telephone Expense Advertising Expense 80000 140000 19 0 0000 10 20000 1800000 4550000 40000 2180000, 170000 70 000 5,0000 9550000 9550000 Adjustment Data
Transcribed Image Text:DAISY'S DANCE STUDIO TRIAL BALANCE SEPTEMBER 30, 201X Dr. Cr. Cash Accounts Receivable 60 00000 11 0 0000 Prepaid Insurance Dance Supplies Dance Equipment Accumunated Depreciation, Dance Equipment Accounts Payable D. Dalia, Capital D. Dalia, Withdrawals Dance Fees Earned Salaries Expense Telephone Expense Advertising Expense 80000 140000 19 0 0000 10 20000 1800000 4550000 40000 2180000, 170000 70 000 5,0000 9550000 9550000 Adjustment Data
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