Closing - Income Summary and Retained Earnings c Post...

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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 Income Summary 30 Income Summary Salaries expense Rent expense Depreciation expense Interest expense 30 Income Summary Retained earnings 30 Retained Earnings Dividends Apr 30
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b) T Accounts Axia College Material Appendix F Post Closing Entries T ACCOUNTS Income Summary Retained Earnings 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 06/21/2011 for the course ACCT 280 taught by Professor Ddddd during the Spring '10 term at University of Phoenix.

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Closing - Income Summary and Retained Earnings c Post...

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