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prepare a post closing trial balance Question 2 Cullumber...

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Accounting

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Question 2 Cullumber Company had the following adjusted trial balance. Cullumber Company Adjusted Trial Balance For the Month Ended June 30, 2020 Adjusted Trial Balance Account Titles Debit Credit Cash $3,570 Accounts Receivable 3,950 Supplies 600 Accounts Payable $1,500 Unearned Service Revenue Owner's Capital 4,710 Owner's Drawings Service Revenue 5,600 Salaries and Wages Expense Miscellaneous Expense Supplies Expense Salaries and Wages Payable 520 $12,500 O DO 170 N O $ U J.UU ) Prepare closing entries at June 30, 2020. (Crean account Cities are automatically inaenced Debit Credit No. Account Titles and Explanation 1. Service Revenue 5,600 5,600 Income Summary (To close revenue account) 2. Income Summary Salaries and Wages Expense 3,690 1,500 Miscellaneous Expense 340 1,850 Supplies Expense (To close expense accounts) 3. Income Summary 1,910 Owner's Capital (To close net income / (loss)) 4. Owner's Capital Owner's Cani Owner's Drawings 690 (To close drawings) Prepare a post-closing trial balance. CULLUMBER COMPANY Post-Closing Trial Balance Debit Credit Totals SHOW LIST OF ACCOUNTS

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