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...

70.2K

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

Currently, Meyers Manufacturing Enterprises (MME) has a capital structure consisting of 35% debt and 65% equity....

Finance
Q

how does Canada's stance on DNA finger print compare to the international community?

Biology
Q

Add a new local user to your system. Local accounts are usually used for different project, not...

Programming
Q

The Affect Intensity Measure (AIM) was developed as a questionnaire measure of affect intensity or emotional...

Psychology
Q

returns a Variant specifying the number of time intervals between two specified dates O Date...

Biology
Q

09 27 1 Try the below on your 2 x 3 4 3 8 12...

Basic Math
Q

The mean of the deviations can not be a measure of dispersion because _________if a...

Basic Math
Q

When making a statistical inference about the mean of a normally distributed population based on...

Calculus
Q

Find all matrices A of the form 0 A 5 0 0 6 5 1...

Algebra
Q

Pickles Corporation purchased 70% of Salad Industries' common stock on January 2, 2019. On January...

Accounting
Q

Robert entertains four key clients and their spouses at a nightclub. Expenses were $100 (limo...

Accounting
Q

At the beginning of the current year, Poplock began a calendar-year dog boarding business called...

Accounting