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Home / Questions / The following is the adjusted trial balance for Sandeep Company. Sandeep Company Adjus

The following is the adjusted trial balance for Sandeep Company. Sandeep Company Adjus

The following is the adjusted trial balance for Sandeep Company.
 

Sandeep Company

   

Adjusted Trial Balance

   

December 31, 2011

   

Cash

18,130

 

Accounts Receivable

3,300

 

Prepaid Expenses

   2,750

 

Equipment

30,400

 

Accumulated Depreciation

 

12,200

Accounts Payable

 

2,700

Notes Payable

 

1,000

Capital Stock

 

10,000

Retained Earnings

 

21,200

Dividends

4,870

 

Fees Earned

 

36,600

Wages Expense

12,450

 

Rent Expense

4,900

 

Utilities Expense

3,475

 

Depreciation Expense

2,150

 

Miscellaneous Expense

  1,275

 

Totals

83,700

83,700

 

 

 

     


Prepare closing entries and the post closing trial balance. 


 


 


 


 

 

 

 

200. Reconstruct the adjusting and closing entries from the following T accounts.
 

Prepaid Insurance

 

Accounts Receivable.

 

Unearned Revenues

 

Wages Payable

       

1,200

 

 

6,000

 

 

 

1,350

 

 

530

 

200

 

1,500

 

 

435

 

 

 

530

1,000

 

 

7,500

 

 

 

   915

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                     

 

Retained Earnings

 


Dividends

 

Income Summary

 


Fees Earned

       

 

7,000

 

2,100

 

 

 

9,935

 

 

8,000

 

5,280

 

 

2,100

 

4,655

 

 

 

1,500

2,100

 

 

0

 

 

5,280

 

 

 

   435

 

10,180

 

 

 

 

 

0

 

9,935

 

 

 

 

 

 

 

 

 

 

 

0

 

 

 

 

 

 

 

 

 

 

 

                     

 

Wages Expense

 


Rent Expense

 

Insurance Expense

 

Utilities Expense

       

2,600

 

 

1,145

 

 

200

 

 

180

 

   530

 

 

 

1,145

 

 

200

 

 

180

 

3,130

 

0

 

 

0

 

 

0

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dec 09 2019 View more View Less

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