Details of this Paper

WILDERNESS GUIDE SERVICES INC. Adjusted Trial Bal...

Description

Solution


Question

WILDERNESS GUIDE SERVICES INC. Adjusted Trial Balance December 31, 2009 Cash $12,200 Accounts receivable 31,000 Camping supplies 7,900 Unexpired insurance policies 2,400 Equipment 70,000 Accumulated depreciation: equipment $60,000 Notes payable (due 4/1/10) 18,000 Accounts payable 9,500 Capital stock 25,000 Retained earnings 15,000 Dividends 1,000 Guide revenue earned 102,000 Salary expense 87,500 Camping supply expense 1,200 Insurance expense 9,600 Depreciation expense: equipment 5,000 Interest expense 1,700 $229,500 $229,500 a. Prepare all necessary closing entries at December 31, 2009. b. Prepare an after-closing trial balance dated December 31, 2009. (Round your answers to the nearest dollar amount. Omit the "$" sign in your response.)

 

Paper#7134 | Written in 18-Jul-2015

Price : $25
SiteLock