90.2K

Verified Solution

Link Copied!

Cash Grouper Company Worksheet (Partial) For the Month Ended April 30, 2022 Account Titles Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation-Equip. Notes Payable (due in October 2022) Accounts Payable Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Adjusted Trial Balance Dr. 10,000 7,800 2,160 23,100 3,500 10,760 Cr. 5,500 5,700 5,500 18,420 7,800 16,000

Grouper Company Worksheet (Partial) For the Month Ended April 30, 2022 Adjusted Trial Balance Account Titles Dr. Cr. Cash 10,000 Accounts Receivable 7,800 Prepaid Rent 2.160 Equipment 23,100 Accumulated Depreciation-Equip. 5,500 Notes Payable (due in October 2022) 5,700 Accounts Payable 5,500 Common Stock 18,420 Retained Earnings 7,800 Dividends 3,500 Service Revenue 16,000 Salaries and Wages Expense 10,760 Prepaid Rent Equipment 2,160 23,100 Accumulated Depreciation-Equip. Notes Payable (due in October 2022) Accounts Payable Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense Depreciation Expense Interest Expense Interest Payable Totals 5.500 5,700 5,500 18,420 7,800 3,500 16,000 10,760 900 700 70 70 Post the closing entries to Income Summary and Retained Earnings. (Post entries in the order of journal entries were recorded in the previous part of the question.)

Answer & Explanation Solved by verified expert

See Answer