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					Associate Level Material
                                                 Appendix F
Closing Entries and a Post-closing Trial Balance
Journalize Closing Entries
Use this template to journalize the closing entries for Goode Company at April 30, 2008.


                     GOODE COMPANY
               Closing Entries at April 30, 2008

DATE       ACCOUNT TITLE AND EXPLANATION                                        DEBIT       CREDIT
Apr 30     Service Revenue
            Income Summary

       30 Income Summary
            Salaries expense
            Rent expense
            Depreciation expense
            Interest expense

       30 Income Summary
            Retained earnings

       30 Retained Earnings
           Dividends




                                                                                           a) Closing Entries
Associate Level Material
                                  Appendix F
Adjusting Entries, Posting, and Preparing an Adjusted
Trial Balance
Post Closing Entries
For Goode Company, use these T account templates to post the closing entries to
Income Summary and Retained Earnings.


                                 T ACCOUNTS

     Income Summary                                   Retained Earnings




                                                                                  b) T Accounts
Associate Level Material
                                                  Appendix F
Closing Entries and a Post-closing Trial Balance
Prepare a Post-Closing Trial Balance
Prepare a post-closing trial balance at April 30, 2008 for Goode Company.You can place summation formulas to
compute totals at the end of debit and credit columns. Otherwise, you can compute totals using a calculator, then
enter totals directly.



                      Goode Company
                 Post-Closing Trial Balance
                               30-Apr-08
                                                                            DEBIT                CREDIT
Cash
Accounts Receivable
Prepaid Rent
Equipment
Accumulated Depreciation
Notes Payable
Accounts Payable
Interest Payable
Common Stock
Retained Earnings
           Totals




                                                                                       c) Post Closing Trial Balance

				
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