D. Closing journal entries E. Post-Closing Trial Balance Adjusted Trial Balance Debit Credit Cash $ 55,200 Accounts Receivable 30,200 Prepaid Insurance 6,000 Land 30,000 Accounts Payable Salaries Payable Common Stock $ 14,300 6,100 26,000 Retained Earnings Dividends 38,900 16,500 Service Revenue 211,850 Insurance Expense Salaries Expense Miscellaneous Expense 24,000 128,350 6,900 $297,150 $297,150

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Please help prepare the following! 

D. Closing journal entries
E. Post-Closing Trial Balance
Adjusted Trial Balance
Debit
Credit
Cash
$ 55,200
Accounts Receivable
30,200
Prepaid Insurance
6,000
Land
30,000
$ 14,300
Accounts Payable
Salaries Payable
6,100
Common Stock
26,000
Retained Earnings
Dividends
38,900
16,500
Service Revenue
211,850
Insurance Expense
Salaries Expense
Miscellaneous Expense
24,000
128,350
6,900
$297,150
$297,150
Transcribed Image Text:D. Closing journal entries E. Post-Closing Trial Balance Adjusted Trial Balance Debit Credit Cash $ 55,200 Accounts Receivable 30,200 Prepaid Insurance 6,000 Land 30,000 $ 14,300 Accounts Payable Salaries Payable 6,100 Common Stock 26,000 Retained Earnings Dividends 38,900 16,500 Service Revenue 211,850 Insurance Expense Salaries Expense Miscellaneous Expense 24,000 128,350 6,900 $297,150 $297,150
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