Make? post-closing trial balance at september

Assignment Help Financial Accounting
Reference no: EM132646139

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.

Accounts Payable $610
Accounts Receivable 310
Accumulated Depreciation 910
Cash 310
Common Stock 210
Deferred Revenue 210
Depreciation Expense 310
Equipment 3,210
Income Tax Expense 310
Interest Revenue 110
Notes Payable (long-term) 210
Notes Payable (short-term) 510
Prepaid Rent 110
Rent Expense 410
Retained Earnings 1,510
Salaries and Wages Expense 2,210
Service Revenue 6,230
Supplies 510
Supplies Expense 210
Travel Expense 2,610

Question 1: Prepare? post-closing trial balance at September 30, 2018.

Reference no: EM132646139

Questions Cloud

How did zynga choose to compete : How did Zynga choose to compete, and what issues did Zynga face in formulating its initial strategy?
What can Terry deduct : The total was $52,000. He incurred the expenses in June and July 2020. Under the following circumstances, what can Terry deduct in 2020
What is the history of right to work laws : What is the history of 'Right to Work' laws? Where did they come from?
Major trends in the diversity of the us workforce : Describe some of the major trends in the diversity of the U.S. workforce. Provide comparisons with the trends in other countries.
Make? post-closing trial balance at september : Make? post-closing trial balance at September 30, 2018. The accounts have normal debit or credit balances. Assume the year ended on September 30, 2018.
Calculate the breakeven point for the project : Case Study: Airbnb in Hobart. Calculate the breakeven point for the project. Calculate the annual profit, using the variable costing system
What are the defenses to the claims of opponents : What are the defenses to the claims of their opponents? Please provide reference to your answer.
Discuss principles of effective emergency management : Based on your readings thus far from the text and your own research discuss principles of effective emergency management response.
Calculate greg net pay provided the employee is working : Greg Smith has worked for John's Hardware Store since 1981. Calculate Greg's Net Pay provided the employee is working in Alberta

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is the return on investment for each year of asset life

What is the ROI for each year of the asset's life if the division uses beginning-of-year net book value asset balances for the computation?

  Show labeled computations for amount of income tax payable

Prepare a journal entry to record income taxes for the year 2008. Show labeled computations for the amount of income tax payable and the change in the deferred tax account.

  Discuss reasons why Apple may have not paid dividends

Discuss in detail the reasons why Apple may have not paid dividends over the past 17 years, and the reasons why it has now decided to do so

  How many number of contracts must be bought or sold

How many number of contracts must be bought or sold by the company? A company has a Rs.30 lacs portfolio with a beta of 1.44.

  Prepare the cash flow statement for the year

Prepare the Cash Flow Statement for the year ended 28 February 2010

  Prepare the stockholdersequity section of the lincoln-priest

For Lincoln-Priest, Inc, Prepare the stockholdersequity section of the Lincoln-Priest balance sheet at december 31, 2012. Journalize each transaction.

  Interest payable semi-annually at an effective interest rate

Wisconsin Warning Co. issued $5,000,000 of five-year, 8 % bonds with interest payable semi-annually at an effective interest rate of 11 %. It was determine the present value of the bonds payable were $ 4,434,520

  What are the fundamentals of double entry bookkeeping

What are the fundamentals of double entry bookkeeping? How would you state the debit and credit rule in double-entry bookkeeping?

  Calculate average credit sales per day

Calculate Average Credit Sales per Day. Round the answers to two decimal places. Canadian Bacon Inc. financial statements are presented

  Describe composition of your corporation contributed capital

Describe the composition of your corporation's contributed capital. Describe any other accounts reported in the Stockholder's Equity section of Balance Sheet.

  Dividend will the common shareholders receive

Ferber Inc. issued 1,000 shares of $100 par, 5%, non-cumulative preferred stock on January 1, Year1. Ferber did not pay dividends in Year1 or Year2. On December 31, Year3 Ferber declares and pays $22,000 of dividends. How much of the dividend will th..

  Discuss the implications on accounting information

In January 2017 Company A outsourced,Discuss the implications on accounting information of using payroll service organizations.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd