The trial balance of Large Company, Inc. at the end of its annual accounting period is as follows:  Additional information:1. Expired insurance, $600.2. Unused supplies, per inventory, $800.3. Estimated depreciation, $1,000.4. Earned but unpaid salaries, $700.  Required1. Prepare adjusting entries.2. Prepare closing entries.3. Prepare a post-closing trial balance.  Please complete this section in Excel or Word and submit it to this Drop Box no later than Saturday at midnight. Any late papers are subject to points off. You will lose as much as a letter grade a day for being late. Also note that you are NOT being asked for a worksheet. You are to write out the journal entries in proper format and then write a post closing trial balance in proper format, NOT ON A WORKSHEET. You may use a worksheet to help you get the correct figures but the worksheet WILL NOT BEGRADED.
View Solution:
The trial balance of Large Company Inc at the end

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *