Trial Balance
| Below is the adjusted trial balance for Computer Services as of December 31, 2011. | ||||||||||||
| Adjusted | ||||||||||||
| Trial Balance | ||||||||||||
| Dr. | Cr. | |||||||||||
| Cash | 8,405 | |||||||||||
| Accounts Receivable | 5,147 | |||||||||||
| Supplies | 2,575 | |||||||||||
| Prepaid Insurance | 1,580 | |||||||||||
| Equipment | 6,000 | |||||||||||
| Accumulated Depreciation – Equip | 600 | |||||||||||
| Accounts Payable | 3,489 | |||||||||||
| Salaries Payable | 1,155 | |||||||||||
| Unearned Rent Revenue | 575 | |||||||||||
| Jack Smith, Capital | 10,000 | |||||||||||
| Jack Smith, Drawing | 4,500 | |||||||||||
| Service Revenue | 33,017 | |||||||||||
| Rental Revenue | 1,050 | |||||||||||
| Depreciation Expense | 600 | |||||||||||
| Insurance Expense | 680 | |||||||||||
| Rent Expense | 3,500 | |||||||||||
| Salaries Expense | 12,854 | |||||||||||
| Supplies Expense | 2,587 | |||||||||||
| Utilities Expense | 1,458 | |||||||||||
| Totals | 49,886 | 49,886 | ||||||||||
Instructions
A. Prepare the necessary closing entries as of December 31, 2011
B. Post the closing entries to the selected ledger accounts.
C. Prepare a Post Closing Trial Balance.
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