Accountancy, asked by hunainkhan0006, 8 months ago

Trial balance of Ali repair club at September 30 appears below.

Ali Repair Club

Trial Balance

September 30, 19…..

Cash……………………………………………………………… $ 2500

Account Receivable……………………………………………… 1500

Land……………………………………………………………... 29400

Building…………………………………………………………. 50400

Accumulated depreciation: Building……………………………. $336

Repair equipment………………………………………………… 7500

Accumulated depreciation: Repair Building…………………….. 250

Notes payable……………………………………………………. 28000

Accounts payable………………………………………………… 1594

Ali, Capital……………………………………………………..... 58800

Ali, Drawing…………………………………………………….. 1400

Repair service revenue………………………………………….. 8520

Advertising expense…………………………………………….. 150

Repair parts expense…………………………………………….. 700

Utilities expense…………………………………………………. 170

Wages expense………………………………………………….. 3780

$97500 $97500

Instructions:

a. Prepare adjusting entries at September 30 to record depreciation. The amounts of

depreciation for September are $168 on the building and $125 on the repair equipment.

b. Prepare adjusted trial balance at September 30.

c. Prepare an income statement, statement of owner’s equity and balance sheet for the

month ended September 30.

d. Prepare journal entries to close the accounts.

e. Prepare an after closing trial balance.​

Answers

Answered by Anonymous
0

Answer:

Explanation:

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