Reference no: EM132888182
Question - Home Protector has journalized their adjusting entries and prepared their adjusted trial balance. Using the adjusted trial balance, prepare the closing entries directly owner's capital for the month of September and create the post-closing trial balance.
Cash $12,380
Accounts Receivable $5,050
Prepaid Insurance $2,570
Equipment $25,700
Accumulated Depreciation $2,920
Accounts Payable $6,230
Salaries Payable $840
Unearned Revenue $4,700
Bank Loan $7,550
Holmes, Capital $19,960
Holmes, Withdrawals $4,390
Service Revenue $17,970
Depreciation Expense $490
Insurance Expense $320
Interest Expense $390
Office Supplies Expense $2,840
Rent Expense $1,680
Salaries Expense $3,990
Telephone Expense $370
CR Total $60,170 and CR Total is $60,170
Required - What is the Holmes, Capital for Sep 30?