Share
Pharoah Company had the following adjusted trial balance. Pharoah Company Adjusted Trial Balance For the Month Ended
Question
Pharoah Company had the following adjusted trial balance.
Pharoah Company
Adjusted Trial Balance
For the Month Ended June 30, 2020
Adjusted Trial Balance
Account Titles
Cash
Debit – $3,820
Accounts Receivable
Debit – 4,040
Supplies
Debit – 490
Accounts Payable
Credit – $1,800
Unearned Service Revenue
Credit – 180
Owner’s Capital
Credit – 4,180
Owner’s Drawings
Debit – 770
Service Revenue
Credit – 5,990
Salaries and Wages Expense
Debit – 1,500
Miscellaneous Expense
Debit – 390
Supplies Expense
Debit – 1,700
Salaries and Wages Payable
Credit – 560
$12,710
Prepare a post-closing balance.
in progress
0
Mathematics
3 years
2021-08-22T14:06:14+00:00
2021-08-22T14:06:14+00:00 1 Answers
40 views
0
Answers ( )
Answer:
The solution is given below
Step-by-step explanation:
The preparation of the post closing trial balance is given below
Particulars Debit amount Credit amount
Cash $3,820
Account receivable $4,040
Supplies $490
Account payable $1,800
Unearned service revenue $180
Owner capital ($4,180 + $5,990 – $1,500 – $390 – $1,700 – $770) $5,810
Salary and wages payable $560
Total $8,350 $8,350