Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the adjusted trial balance shown below is for mill

The adjusted trial balance shown below is for Miller Real Estate at the end of...

60.1K

Verified Solution

Question

Accounting

The adjusted trial balance shown below is for Miller Real Estate at the end of its reporting period 30 June 2021.

Debit $

Credit $

100-Cash at bank

20800

101-Accounts receivable

18800

102-Office supplies

1400

103-Prepaid insurance

5000

104-Office equipment

28000

105-Accumulated depreciationoffice equipment

9600

200-Accounts payable

11600

201-Salaries payable

2200

202-Rent revenue received in advance

1400

300-Miller, Capital

32400

301-Miller, Drawings

1200

400-Service revenue

92800

500-Salaries expense

36200

501-Office supplies expense

3200

502-Rent expense

30000

503-Insurance expense

3000

504-Depreciation expenseoffice equipment

2400

150000

15000

Prepare the closing entry for this adjusted trial balance given.

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

Q

8. Which FPU register number (R0 through R7) is identified as ST(0)? 9. Which FPU register determines...

Advance Math
Q

Pick two characteristics in the movie '' The Blind Side (2009) - Rotten Tomatoes\" and analyzing...

Psychology
Q

What are a few companies that made headlines in recent years for major issues they have...

General Management
Q

Give an example of a major accounting fraud or internal control failure issue (besides Enron) and how...

Accounting
Q

courses SC BIOL1001 P Biology II Evolution E

Biology
Q

To derive the 3rd law of Keppler. Use the the 2nd Newtonslaw, the law of...

Physics
Q

Draw step by step the conical surface 3x 2 y 2 2 3xy 8x 8...

Geometry
Q

Clyde Cement wants to analyze a shipment of bags of cement. He knows the weight...

Basic Math
Q

n true X x 6 3x 9 x 1 x 3

Algebra
Q

The following additional information is available: 1. The buildings have an estimated useful life of...

Accounting
Q

On January 1, 2017, Novak Corp. had $ 1,430,000 of common stock outstanding that was...

Accounting
Q

Ene. 3 La junta directiva declar una divisin de acciones que redujo el...

Accounting