Prepare the post-closing trial balance for the reliable

Assignment Help Financial Accounting
Reference no: EM132483581

Reliable Plumbing Company had the following accounts balance after closing its accounts at August 31, 2011:

Long-term liabilities              $1,700

Other assets                       $1,500

Accumulated Depreciation      $400

Cash                                  $850

Service Revenue                  $1,400

Accounts Payable                $650

Accounts Receivable             $1,200

Total Expense                      $0

Unearned Service Revenue     $350

Equipment                          $4,400

Common Stock                      $1,350

Supplies                                $300

Question 1: Prepare the post-closing trial balance for the Reliable Plumbing Company at August 31, 2011

Reference no: EM132483581

Questions Cloud

Identify the dependent and independent variables : a. Identify the dependent and independent variables in this experiment. b. What type of design was used?
What would expect? year treasury bills to return : What would you expect? 1-year Treasury bills to return if you ignore the cross product between the real rate of interest and the inflation? rate?
Identify the assets and liabilities : Identify the assets (including contra assets) and liabilities. Classify each asset and each liability as current or long-term liabilities.
Corporate governance and ethics assignment : Corporate Governance and Ethics Assignment help and solution, Evaluation of Real-World Ethical Problems - assessment writing service - Define governance
Prepare the post-closing trial balance for the reliable : Prepare the post-closing trial balance for the Reliable Plumbing Company at August 31, 201. accounts balance after closing its accounts at August 31, 2011
Careful records of the fuel efficiency : Dylan Jones kept careful records of the fuel efficiency of his new car. After the first eleven times he filled up the tank
How rona would had reported sales of : Rona wrote off uncollectable account totaling $20,000 during the year 2019. Under the cash basis of accounting, How Rona would had reported 2019 sales of
Describe one of the aforementioned functions in detail : There are many agencies that oversee a variety of public health functions, including: emergency preparedness, health care, food safety, drug safety.
Confidence level and a margin of error : The Humane Society would like to know what proportion of pets people have were adopted from a shelter. How large a sample should be selected

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