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Question 2 Alliance Property Services Corporation Unadjusted Trial Balance For the Year...

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Question

Accounting

Question 2

Alliance Property Services Corporation

Unadjusted Trial Balance

For the Year ended November 30, 2012

DR ($)

Cr ($)

Cash

240

Accounts Receivable

1800

Supplies

160

Prepaid Insurance

240

Land

3,800

Equipment

1,000

Accum. Depr. Equipment

80

Accounts payable

720

Wages payable

A.S. Capital

5,200

A.S. Drawings

160

Fees Earned

4,000

Wages expense

2,200

Rent expense

240

Insurance expense

Utilities expense

120

Supplies expense

Depreciation expense

Miscellaneous

40

10,000

10,000

  1. Prepare the Adjusting Journal Entries using the following information:

  1. Fees earned but not yet billed, $260
  2. Supplies on hand, $80
  3. Insurance premiums expired, $200
  4. Depreciation for the year, $60
  5. Wages accrued but not paid, $20

prepare:

Adjusting Entries

Prepare the Adjusted Trial Balance in proper format

Prepare the Income Statement

Statement of Owners Equity

Closing Entries

Post-Closing Trial Balance

Thanks

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