Solution-Post-closing trial balance for showers company

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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Post-closing trial balance for showers company : Prepare the December 31, 2011, closing entries for Showers Company - prepare the December 31, 2011, post-closing trial balance for Showers Company.

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Post-closing trial balance for showers company

Reference no: EM13529436

Reference no: EM13529436

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