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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.
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