The following adjusted trial balance is for Dream Home Realty Company:
|
DREAM HOME REALTY COMPANY
Adjusted Trial Balance
2010 June 30
|
| |
Debits
|
Credits
|
|
Cash
|
$98,000
|
|
|
Accounts Receivable
|
40,000
|
|
|
Office Equipment
|
35,000
|
|
|
Accumulated Depreciation-Office Equipment
|
|
$14,000
|
|
Automobiles
|
40,000
|
|
|
Accumulated Depreciation-Automobiles
|
|
20,000
|
|
Accounts Payable
|
|
63,000
|
|
Capital Stock
|
|
75,000
|
|
Retained Earnings, 2009 July 1
|
|
54,700
|
|
Dividends
|
5,000
|
|
|
Commissions Revenue
|
|
170,000
|
|
Salaries Expense
|
25,000
|
|
|
Commissions Expense
|
120,000
|
|
|
Gas and Oil Expense
|
4,000
|
|
|
Rent Expense
|
14,800
|
|
|
Supplies Expense
|
1,400
|
|
|
Utilities Expense
|
2,000
|
|
|
Depreciation Expense-Office Equipment
|
3,500
|
|
|
Depreciation Expense-Automobiles
|
8,000
|
|
| |
$396,700
|
$396,700
|
Prepare the closing journal entries at the end of the fiscal year, 2010 June 30.