The adjusted trial balance of Big Rita's MusicBig Rita's Music Company at June 30, 2015, follows
Requirements:
1.
2.
3.
Prepare a post-closing trial balance as of June 30 2015
Big Rita's Music Company
Adjusted Trial Balance
June 30, 2015
Balance
Account Title
Debit
Credit
Cash
$4,500
Accounts Receivable
38,300
Merchandise Inventory
17,200
Office Supplies
300
Furniture
39,900
Accumulated DepreciationFurniture
$8,900
Accounts Payable
13,300
Salaries Payable
600
Unearned Revenue
7,400
Notes Payable, long-term
12,000
Rita, Capital
28,500
Rita, Withdrawals
40,000
Sales Revenue
185,000
Sales Returns and Allowances
2,000
Sales Discounts
4,000
Cost of Goods Sold
74,000
Selling Expense
18,600
Administrative Expense
15,000
Interest Expense
1,900
Total
$255,700
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