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The following is the adjusted trial balance for Miller Company.
NOTE: I'M GETTING 7840 FOR INCOME SUMMARY AND RETAINED EARNINGS, BUT THE HOMEWORK SYSTEM SAYS ITS WRONG, HELP PLEASE!
| Miller Company Adjusted Trial Balance December 31 |
| Cash | 8,130 | |
| Accounts Receivable | 3,300 | |
| Prepaid Expenses | 2,750 | |
| Equipment | 10,400 | |
| Accumulated Depreciation | | 2,200 |
| Accounts Payable | | 2,700 |
| Notes Payable | | 1,000 |
| Common Stock | | 9,200 |
| Retained Earnings | | 2,000 |
| Dividends | 4,870 | |
| Fees Earned | | 36,600 |
| Wages Expense | 12,450 | |
| Rent Expense | 4,900 | |
| Utilities Expense | 3,475 | |
| Depreciation Expense | 2,150 | |
| Miscellaneous Expense | 1,275 | |
| Totals | 53,700 | 53,700 |
Prepare closing entries. If an amount box does not require an entry, leave it blank or "0".
| | Fees Earned | | |
| | Income Summary | | |
| | Income Summary | | |
| | Wages Expense | | |
| | Rent Expense | | |
| | Utilities Expense | | |
| | Depreciation Expense | | |
| | Miscellaneous Expense | | |
| | Income Summary | | |
| | Retained Earnings | | |
| | Retained Earnings | | |
| | Dividends | | |
Feedback
Partially correct
Prepare the post closing trial balance. If an amount box does not require an entry, leave it blank or "0".
| Miller Company |
| Post-Closing Trial Balance |
| December 31 |
| Cash | | |
| Accounts Receivable | | |
| Prepaid Expenses | | |
| Equipment | | |
| Accumulated Depreciation | | |
| Accounts Payable | | |
| Notes Payable | | |
| Common Stock | | |
| Retained Earnings | | |
| Total | $ | $ |
Answer & Explanation
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