Part V Closing and Post-Closing Trial Balance (12 marks) Boldsy Service Company has journalized their...
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Part V Closing and Post-Closing Trial Balance (12 marks) Boldsy Service Company has journalized their adjusting entries and prepared their adjusted trial balance. Using the adjusted trial balance, prepare the closing entries using the income summary method for the month of August and create the post- closing trial balance CR Boldsy Service Company Adjusted Trial Balance August 31, 2014 Account Titles DR Cash SIO DO Accounts Receivable $1,900 Prepaid Insurance $2,000 Office Supplies 5900 Equipment $17,000 Accumulated Depreciation Accounts Payable Interest Payable Uncated Revente Hank Loan Bold Capital Bowl, Dawings $1.250 Service Revenue Depreciation Expertise SIND Insurance Expense S260 Interest Expertise $160 Rent Expense $2.000 Telephone Expense S-S Total $37,955 53,000 S4,100 $200 $220 $7.000 $8.185 $15.250 $37.955 Closing entries a) JOURNAL Date Page Account Title and Explanation Debit Credit
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