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ELECBOOKS CORPORATION Post-Closing Trial Balance At September 30, 2020 (in thousands) Account Titles Debit Credit

ELECBOOKS CORPORATION Post-Closing Trial Balance At September 30, 2020 (in thousands) Account Titles Debit Credit

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Totals ELECBOOKS CORPORATION Post-Closing Trial Balance At September 30, 2020 (in thousands) Account Titles $ Debit 0 $ Credit 0
Transcribed Image Text:Totals ELECBOOKS CORPORATION Post-Closing Trial Balance At September 30, 2020 (in thousands) Account Titles $ Debit 0 $ Credit 0
ElecBooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Amounts in the list of accounts are rounded to the nearest thousand dollars. Assume the year ended on September 30, 2020. Accounts Payable Accounts Receivable Accrued Liabilities Accumulated Depreciation Cash Contributed Capital Depreciation Expense General and Administrative Expenses Income Tax Expense Interest Revenue Long-Term Debt Other Current Assets Other Long-Lived Assets Other Operating Expenses Prepaid Expenses Property and Equipment Retained Earnings Selling Expenses Service Revenues Short-Term Bank Loan Store Operating Expenses Supplies Deferred Revenue $ 317 223 386 332 339 183 372 389 334 124 228 103 557 229 126 2,238 1,541 2,701 6,689 508 2,262 642 207
Transcribed Image Text:ElecBooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Amounts in the list of accounts are rounded to the nearest thousand dollars. Assume the year ended on September 30, 2020. Accounts Payable Accounts Receivable Accrued Liabilities Accumulated Depreciation Cash Contributed Capital Depreciation Expense General and Administrative Expenses Income Tax Expense Interest Revenue Long-Term Debt Other Current Assets Other Long-Lived Assets Other Operating Expenses Prepaid Expenses Property and Equipment Retained Earnings Selling Expenses Service Revenues Short-Term Bank Loan Store Operating Expenses Supplies Deferred Revenue $ 317 223 386 332 339 183 372 389 334 124 228 103 557 229 126 2,238 1,541 2,701 6,689 508 2,262 642 207
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