Probem
The adjusted trial balance for Crane Golf Club at its October 31, 2017, year end included the following:
|
Debit
|
Credit
|
|
Cash
|
$8,400
|
|
Prepaid expenses
|
3,900
|
|
Equipment
|
65,000
|
|
Accumulated depreciation-equipment
|
$15,000
|
|
Accounts payable
|
14,900
|
|
Unearned revenue
|
2,400
|
|
N. Crane, capital
|
65,900
|
|
N. Crane, drawings
|
45,900
|
|
Service revenue
|
130,900
|
|
Maintenance expense
|
23,000
|
|
Rent expense
|
10,000
|
|
Salaries expense
|
72,900
|
Prepare a post-closing trial balance.