Answers
REQUIRED 1 | |||||||||||||
DATE | General JOURNAL | Debit | Credit | ||||||||||
31-Dec | Service revenue a/c dr | 49000 | |||||||||||
to income summary a/c | 49000 | ||||||||||||
31-Dec | income summary a/c dr | 37525 | |||||||||||
to depreciation expense a/c -Equipments | 2000 | ||||||||||||
to salaries expenses a/c | 28567 | ||||||||||||
to insurance expenses a/c | 2058 | ||||||||||||
to rent expenses a/c | 3283 | ||||||||||||
to supplies expenses a/c | 1617 | ||||||||||||
31-Dec | income summary a/c dr | 11475 | |||||||||||
to cruz capital | 11475 | ||||||||||||
31-Dec | cruz capital a/c dr | 6000 | |||||||||||
to cruz withdrawal | 6000 | ||||||||||||
REQUIRED 2 | |||||||||||||
CRUZ COMPANY | |||||||||||||
POST CLOSING TRIAL BALANCE | |||||||||||||
DECEMBER 31 2017 | |||||||||||||
Debit | Credit | ||||||||||||
Cash | 18000 | ||||||||||||
supplies | 8700 | ||||||||||||
prepaid Insurances | 2000 | ||||||||||||
Equipment | 23000 | ||||||||||||
Accumulated depreciation- depreciation | 6500 | ||||||||||||
cruz captal | 45200 | ||||||||||||
totals | 51700 | 51700 | |||||||||||
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