Exercise 4-07 a-b (Video) Ayayai Company had the following adjusted trial balance. Ayayai Company Adjusted...
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Exercise 4-07 a-b (Video) Ayayai Company had the following adjusted trial balance. Ayayai Company Adjusted Trial Balance June 30, 2020 Adjusted Trial Balance Account Titles Debit Credit Cash $3,500 Accounts Receivable 3,700 Supplies 400 Accounts Payable $1,500 Unearned Service Revenue 100 Common Stock 4,000 Retained Earnings 1,100 Dividends 400 4,000 Service Revenue Salaries and Wages Expense Miscellaneous Expense Supplies Expense Salaries and Wages Payable 1,200 200 1,700 400 $11,100 $11,100 Prepare closing entries at June 30, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Date Account Titles and Explanation Debit Credit June 30 (To close revenue account) June 30 (To close expense accounts) June 30 (To close net income / (loss)) June 30 (To close dividends) Prepare a post-closing trial balance. Ayayai Company Post-Closing Trial Balance Debit Credit $ Totals $ $
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