Appendix F due wek 5 Accounting

Appendix F due wek 5 Accounting - Income Summary and...

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a) Closing Entries Axia College Material Appendix F Closing Entries and a Post-closing Trial Balance Journalize Closing Entries Use this template to journalize the closing entries for Goode Company at April 30, 2008. GOODE COMPANY Closing Entries at April 30, 2008 DATE ACCOUNT TITLE AND EXPLANATION DEBIT CREDIT Service Revenue 15,590 Income Summary 15,590 30Income Summary 12,328 Salaries expense 10,840 Rent expense 760 Depreciation expense 671 Interest expense 57 30Income Summary 3,262 Retained earnings 3,262 30Retained Earnings 3,650 Dividends 3,650 Apr 30
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b) T Accounts Axia College Material Appendix F Post Closing Entries T ACCOUNTS Income Summary Retained Earnings 12,328 15,590 3,650 5,960 3,262 3,262 15,590 15,590 5,572 Adjusting Entries, Posting, and Preparing an Adjusted Trial Balance For Goode Company, use these T account templates to post the closing entries to
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Unformatted text preview: Income Summary and Retained Earnings. c) Post Closing Trial Balance Axia College Material Appendix F Closing Entries and a Post-closing Trial Balance Prepare a Post-Closing Trial Balance Goode Company Post-Closing Trial Balance 30-Apr-08 DEBIT CREDIT Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation Notes Payable Accounts Payable Interest Payable Common Stock Retained Earnings Totals Prepare a post-closing trial balance at April 30, 2008 for Goode Company.You can place summation formulas to compute totals at the end of debit and credit columns. Otherwise, you can compute totals using a calculator, then enter totals directly....
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This note was uploaded on 08/12/2010 for the course XACC/280 AACL taught by Professor Weldy during the Spring '10 term at University of Phoenix.

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Appendix F due wek 5 Accounting - Income Summary and...

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