PA.9) Assuming the following Adjusted Trial Balance, create the Post-Closing Trial Balance that would result, after all closing journal entries were made and posted: Adjusted Trial Balance Debit $ 22,900 4,000 44,000 Cash Prepaid Insurance Fixed Assets Notes Payable Common Stock Retained Earnings Dividends Sales Revenue Automobile Expense Insurance Expense Salaries Expense Supplies Expense 22,000 26,500 20,000 122,500 D 1,450 $263,350 Credit 40,000 25,000 48,350 150,000 $263,350

19. A company's December 31 work sheet for the current period appears below. Based on the information provided, what is net income for the current period? Cash Accounts Receivable Prepaid insurance Supplies Unadjusted Trial Balance Debit 1,975 1,000 1,600 330 Credit Adjustments Debit Credit 875 650 115

What is the adjusted trial balance?

M4-14 through M4-17 (Algo) Reporting an Income Statement, Reporting a Statement of Retained Earnings, Reporting a Balance Sheet and Recording Closing Journal Entries [LO 4-4, LO 4-5] Skip to question [The following information applies to the questions displayed below.] The Sky Blue Corporation has the following adjusted trial balance at December 31.    Debit Credit Cash $ 1,260   Accounts Receivable 2,300   Prepaid Insurance 2,600   Notes Receivable (long-term) 3,300   Equipment 13,500   Accumulated Depreciation   $ 3,200 Accounts Payable   5,720 Salaries and Wages Payable   1,150 Income Taxes Payable   3,200 Deferred Revenue   660 Common Stock   2,700 Retained Earnings   1,120 Dividends 330   Sales Revenue   44,730 Rent Revenue   330 Salaries and Wages Expense 22,200   Depreciation Expense 1,600   Utilities Expense 4,520   Insurance Expense 1,700   Rent Expense 6,300   Income Tax Expense 3,200   Total $ 62,810 $ 62,810 M4-17 (Algo)…