GOODE COMPANY
Worksheet (partial)
For the Month Ended April 30, 2008
|
Adjusted Trial Income
|
|
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Balance
|
Statement
|
Balance Sheet
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Account Titles
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DEBIT
|
CREDIT
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DEBIT
|
CREDIT
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DEBIT
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CREDIT
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Cash
|
13,752
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|
|
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|
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Accounts Receivable
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7,840
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Prepaid Rent
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2,280
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Equipment
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23,050
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Accumulated Depreciation
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4,921
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Notes Payable
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5,700
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Accounts Payable
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5,672
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Common Stock
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25,000
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Retained Earnings
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5,960
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Dividends
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3,650
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Service Revenue
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15,590
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|
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Salaries Expense
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10,840
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Rent Expense
|
760
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Depreciation Expense
|
671
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Interest Expense
|
57
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Interest Payable
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|
57
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Totals
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62,900
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62,900
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Instructions
Complete the worksheet.
Worksheet data for Goode Company are presented in E4-2.
Instructions
(a) Journalize the closing entries at April 30.
(b) Post the closing entries to Income Summary and Retained Earnings. Use T accounts.
(c) Prepare a post-closing trial balance at April 30.