{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

pg_0019 - 2 GI 2.500 27.500 22 GI L900 0 3|| Adi l GI |00l...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 2 GI 2.500 27.500 22 GI L900 0 3|| Adi. l GI |00l 2,300 3 GI 26.000 |.500 3| Adi. GI LBOO I,800 Equipment Acct. No. IS? 5 GI 4'200 5.700 Supplies Acct. No. |26 Date 6 GI 2.400 3.300 Date 2009 '2 GI "000 1300 D 3 GI 25000 25 000 I2 GI 700 Leno 2” ec‘ ‘ ' 22 6| L900 3500 De" 2 GI 150° 250° Accumulated Depreciation— 24 GI 900 2 600 6 GI 1'00 9.600 Equipment Acct. No. I68 24 GI 200 2400 26 Gl '20 9320 Explan. PR Debit Credit Balance ' ‘. . , 1 26 GI 3.000 5.400 3| Adi GI |050 86 0 2009 25 GI no 5130 Dec. 3| Adi. GI 375 375 26 GI 230 5.050 26 GI 2’00 4,350 Accounts Payable Acct. No. 20| Unearned Consulting Retained Earnings Acct. No. 3 | 8 Date Explan. PR Debit Credit Balance Revenue A“:- N°- 236 2009 Dec. 6 GI ?.|00 7.|00 24 GI 900 5,200 3| Closing GI 200 3,535 Salaries Payable Acct. No. 209 Dividends Acct. No. 3 | 9 Date Date 1009 2009 Dec. 3| Ad; GI 2|0 2H) Dec. 24 GI 200 200 3| Closing GI 200 0 Consulting Revenue Acct. No. 403 Salaries Expense Acct. No. 622 Supplies Expense Acct. No. 652 3| Closing GI |.050 Utilities Expense Acct. No. 690 3| Closing GI I,6Il'.| 3| Closing GI 1,850 Insurance Expense Acct. No. 637 Rental Revenue Acct. Net-106 3| Closing GI Income Summary Acct No. 90I 3| Closing GI 3' Closing GI Rent Expense Acct. No. 640 Depreciation Expense— Date Explan. PR Debit Credit Balance Equipment Acct. No. 6 l 2 2009 Date Explan. m Debit Credit Balance Dec. I2 Gl L000 LWD 290’ 3| Closing GI |,000 0 Dec. 3| Adj. GI 3'15 375 3| Closing GI 375 0 A M—closing trial balance is a list of permanent accounts and their balances from the ledger after all closing entries have been journalized and posted. It lists the balances for all accounts not closed. These accounts comprise a company's assets, liabilities, and equity, which are identical to those in the balance sheet. The aim of a post—Closing trial balance is to verify that (1) total debits equal total credits for permanent accounts and (2) all temporary accounts have zero balances. FastForward’s post—closing trial balance is shown in Exhibit 3.18. The post—closing trial balance usually is the last step in the accounting process. EXHIBIT 3.18: Post-Closing Trial Balance FASTFORWARD Post-Closing Trial Balance December 3 I, 2009 Debit Credit Cash $4,350 ...
View Full Document

{[ snackBarMessage ]}