Squeaky Window Cleaning Co. has a fiscal year that begins on September 1. On August...

70.2K

Verified Solution

Question

Accounting

Squeaky Window Cleaning Co. has a fiscal year that begins on September 1. On August 30, 2020, an adjusted trial balance was prepared from the ledger. A. Prepare the financial statements (30 pts) B. Journalize the closing entries. (12 pts) C. Prepare the post-closing trial balance for Squeaky Window Cleaning Co. (8 pts) Squeaky Window Cleaning Co Adjusted Trial Balance For year ended August 30, 2022 Debit Credit Cash $20,430 Accounts Receivable 21,900 Office Supplies 14,920 Prepaid Rent 27,000 Equipment 165,000 Accumulated Depreciation $11,100 Accounts Payable 5,200 Utilities Payable 5,875 Unearned Revenue 6,000 Interest Payable 150 Notes Payable 20,000 John Doe, capital 260,000 John Doe, withdrawal 40,510 Service Revenue 94,600 Rent Revenue 18,200 Wages Expense 58,200 Supplies Expense 18,480 Rent Expense 12,000 Electricity Expense 12,470 Telephone Expense 15,495 Depreciation Expense 11,100 Interest Expense 150 Miscellaneous Expense 3,470 Total $421,125 $421,125

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