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Question 2
Alliance Property Services Corporation
Unadjusted Trial Balance
For the Year ended November 30, 2012
| | DR ($) | Cr ($) |
| Cash | 240 | |
| Accounts Receivable | 1800 | |
| Supplies | 160 | |
| Prepaid Insurance | 240 | |
| Land | 3,800 | |
| Equipment | 1,000 | |
| Accum. Depr. Equipment | | 80 |
| Accounts payable | | 720 |
| Wages payable | | |
| A.S. Capital | | 5,200 |
| A.S. Drawings | 160 | |
| Fees Earned | | 4,000 |
| Wages expense | 2,200 | |
| Rent expense | 240 | |
| Insurance expense | | |
| Utilities expense | 120 | |
| Supplies expense | | |
| Depreciation expense | | |
| Miscellaneous | 40 | |
| | 10,000 | 10,000 |
- Prepare the Adjusting Journal Entries using the following information:
- Fees earned but not yet billed, $260
- Supplies on hand, $80
- Insurance premiums expired, $200
- Depreciation for the year, $60
- Wages accrued but not paid, $20
prepare:
Adjusting Entries
Prepare the Adjusted Trial Balance in proper format
Prepare the Income Statement
Statement of Owners Equity
Closing Entries
Post-Closing Trial Balance
Thanks
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