Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. using the attached adjusted trial balance, please

Using the attached Adjusted Trial Balance, please prepare necessary closing entries, post the closing entries...

60.1K

Verified Solution

Question

Accounting

image

Using the attached Adjusted Trial Balance, please prepare necessary closing entries, post the closing entries to corresponding T-Account and prepare the post-closing trial balance.

Campin Inc Adjusted Trial Balance 12/31/21 Credit $ $ Debit 3,389.000 3,100,000 $ 491.250 $ $ s 1.262.500 4,500,000 $ 1.575.000 $ 850,000 $ 292.500 $ 1.100.000 Cash Accounts Receivable Allowance for Doubtful Accounts Prepaid Insurance Inventory Equipment Accumulated Depreciation - Equipment Building Accumulated Depreciation - Building Land Accounts Payable Salaries Payable Mortgage Payable Long-Term Debt Common Stock - Par $0.01 APIC Retained Earnings Sales Revenue COGS Salary Expense Bad Debt Expense Insurance Expense Depreciation Expense - Equipment Depreciation Expense - Building Interest Expense - Mortgage Interest Expense - Long-Term Debt $ $ $ $ $ $ $ 775.000 50,000 1.370.000 2,175,000 6,000 2.994.000 265,000 $ 9.825.000 $ $ 3,937,500 616.000 $ $ $ $ $ $ $ 481,250 100,000 225,000 42.500 40.000 175,000 19,818,750 $ 19,818,750

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

A loader has an initial cost of $154,000 and an estimated useful life of 8 years....

Advance Math
1.2K views

Let x, y ? R. Prove the following: (a) 0 < 1 (b) For all n ?...

Finance
1.2K views

Calculate the durations and volatilities of securities A, B, and C. Their cash flows are shown...

Statistics
1.2K views

As in the previous problem 56 customers are randomly selected at Sun Valley Bank If...

Statistics
1.2K views

Kenny joined a book club to spend more quality time with his cousin At the...

Calculus
1.2K views

There are currently o threads in this forum Create a thread to help start the...

Calculus
1.2K views

wide is being filled at the rate of 0 80 m min At one end...

Algebra
1.2K views

16402 Let there be n N and positive numbers x x2 xn that verify the...

Accounting
1.2K views

An example of a "safe bet" by Elise Payzan-Lenestour is the lottery. gambling. stocks. a...

Accounting
1.2K views

Brief Exercise M-6 Rooney Small Engine Repair charges $41 per hour of abo It has...

Accounting
1.2K views

11. The following are true about the OSS/CIA during the period covered by this course,...

Accounting
1.2K views

Howard Company reported the following information for 2014: Sales $ 970,000 Average Operating Assets $...