Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. cjgwe my autobodys adjusted trial balance on decem

cjgwe MY Autobodys adjusted trial balance on December 31, 2023, appears in the work sheet...

60.1K

Verified Solution

Question

Accounting

cjgwe MY Autobodys adjusted trial balance on December 31, 2023, appears in the work sheet as follows:
No. Account Debit Credit
101 Cash $ 28,600
124 Shop supplies 2,100
128 Prepaid insurance 4,800
167 Equipment 91,000
168 Accumulated depreciation, equipment $ 8,100
201 Accounts payable 19,600
210 Wages payable 9,460
301 Mike Yang, capital 146,000
302 Mike Yang, withdrawals 39,000
401 Repair revenue 163,030
612 Depreciation expense, equipment 9,100
623 Wages expense 105,100
637 Insurance expense 2,200
640 Rent expense 55,350
650 Office supplies expense 5,400
690 Utilities expense 3,540
Totals $ 346,190 $ 346,190
Required
1. Prepare closing entries.
2. Prepare the post-closing trial balance at December 31, 2023.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Show that two m×n matrices are equivalent if and only if they have the same invariant...

Advance Math
Q

Portfolio analysis 4. Suppose you form a portfolio that invests 10% in T, 20% in JPM, 30%...

Finance
Q

Determine the following estimate without using a calculator Then use a calculator to perform the...

Basic Math
Q

1 point Let u 5 3 3 3 and 4 1 Find the vector that...

Basic Math
Q

value of x where the minimum occurs Use a comma to separate answer

Calculus
Q

Temperature F 70 160 50 40 30 y 2 264x 121 5 20 10 0...

Algebra
Q

Convert the binary base 2 number 100100101100 2 to decimal base 10

Algebra
Q

question 1. York...

Accounting
Q

DATA

Accounting
Q

Calla Company produces skateboards that sell for $52 per unit. The company currently has the...

Accounting
Q

Answer is complete but not entirely correct. Complete this question by entering your answers in...

Accounting
Q

Your accounts receivable clerk, Mitra Adams, to whom you pay a salary of $3,615 per...

Accounting