Prepare a post-closing trial balance at september

Assignment Help Financial Accounting
Reference no: EM132904536

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$594

Accounts Receivable 294

Accumulated Depreciation 894

Cash 294

Common Stock 194

Deferred Revenue 194

Depreciation Expense 294

Equipment 3,194

Income Tax Expense 294

Interest Revenue 94

Notes Payable (long-term) 194

Notes Payable (short-term) 494

Prepaid Rent 94

Rent Expense 394

Retained Earnings 1,494

Salaries and Wages Expense 2,194

Service Revenue 6,182

Supplies 494

Supplies Expense 194

Travel Expense 2,594

Problem 1: Prepare a post-closing trial balance at September 30, 2018.

Reference no: EM132904536

Questions Cloud

Financial leverage for two different types of businesses : What factors would cause a difference in the use of financial leverage for two different types of businesses?
How is the technology of tissue engineering interlinked : How is the technology of Tissue Engineering interlinked to miraculous solution to Organ shortages. Explain an approach that facilitate the self-repair of tissue
Think about leadership or ethical consequences : In life or death situations, people rarely think about leadership or the ethical consequences of their decisions, such as whether the ethics of self-interest
Find how much will put into the account today : Find how much will put into the account today? You are saving for retirement. To live comfortably, you decide you will need to save $2,000,00
Prepare a post-closing trial balance at september : Prepare a post-closing trial balance at September 30, 2018. Starbooks Corporation provides an online bookstore for electronic books.
Certification for medicare and medicaid : Your client is a hospital that has recently undergone a series of layoffs. What can you do to protect the interests of the hospital?
How much will have saved if wait until age thirty-three : You are 28 years old and decide to start saving for your retirement. How much will you have saved if you wait until age 33 to start saving
How important is culture in business : How important is culture in a business? How does the culture of a business differ from the culture of a country? Be specific.
Did earn more or less than the required rate of return : The market return was 11.6?%, and the? risk-free rate 4.3%. Did you earn more or less than the required rate of return on your? portfolio?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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