+ The adjusted trial balance columns of the worksheet for De Sousa Company are as follows. DESOUSA COMPANY Worksheet (partial) For the Month Ended April 30, 2017 Adjusted Trial Balance Account Titles Cash Accounts Receivable Prepaid Rent Equipment Dr. Cr. 10,000 7,780 2,320 22,850 Accumulated Depreciation-Equip. 4,500 Notes Payable 5,900 Accounts Payable 4,500 Common Stock 20,250 Retained Earnings 8,550 Dividends 3,850 Service Revenue 15,500 Salaries and Wages Expense 11,000 Rent Expense 800 Depreciation Expense 600 Interest Expense 50 Interest Payable 50 Totals 59,250 59,250 Journalize the closing entries at April 30. Post the closing entries to Income Summary and Retained Earnings. Prepare a post-closing trial balance at April 30.
+ The adjusted trial balance columns of the worksheet for De Sousa Company are as follows. DESOUSA COMPANY Worksheet (partial) For the Month Ended April 30, 2017 Adjusted Trial Balance Account Titles Cash Accounts Receivable Prepaid Rent Equipment Dr. Cr. 10,000 7,780 2,320 22,850 Accumulated Depreciation-Equip. 4,500 Notes Payable 5,900 Accounts Payable 4,500 Common Stock 20,250 Retained Earnings 8,550 Dividends 3,850 Service Revenue 15,500 Salaries and Wages Expense 11,000 Rent Expense 800 Depreciation Expense 600 Interest Expense 50 Interest Payable 50 Totals 59,250 59,250 Journalize the closing entries at April 30. Post the closing entries to Income Summary and Retained Earnings. Prepare a post-closing trial balance at April 30.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Provide the Correct answer with calculation and explanation
Transcribed Image Text:+
The adjusted trial balance columns of the worksheet for De Sousa Company are as
follows.
DESOUSA COMPANY Worksheet (partial) For the Month Ended April 30,
2017
Adjusted Trial Balance
Account Titles
Cash
Accounts Receivable
Prepaid Rent
Equipment
Dr.
Cr.
10,000
7,780
2,320
22,850
Accumulated Depreciation-Equip.
4,500
Notes Payable
5,900
Accounts Payable
4,500
Common Stock
20,250
Retained Earnings
8,550
Dividends
3,850
Service Revenue
15,500
Salaries and Wages Expense
11,000
Rent Expense
800
Depreciation Expense
600
Interest Expense
50
Interest Payable
50
Totals
59,250
59,250
Journalize the closing entries at April 30.
Post the closing entries to Income Summary and Retained Earnings.
Prepare a post-closing trial balance at April 30.
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