Posted: February 5th, 2019
J & L Accounting, Inc. Post-Closing Trial Balance
J & L Accounting, Inc.
Post-Closing Trial
Balance
December 31, 2012
Journal EntriesOn January 1, 2013, a payment in cash for
$12,000
is
made for prepaying rent for the entire year 2013.
b. On January 4, 2013, accounting
services are
performed
and payment is received in cash for
the amount of $1,900.
c. On January 9, 2013, a payment in cash
for
advertising
is made in the amount of $850.
d. On January 10, 2013, office supplies
are purchased
in
the amount of $75 with cash.
e. On January 14, 2013, accounting
services are
performed
and payment is received in cash for
the amount of $2,725.
f. On January 20, 2013, the telephone
bill for the
amount
of $660 is received and paid with cash.
g. On January 20, 2013, the utilities
bill for $2,925 is
received.
The bill wonât be paid until it is due on
February 15, 2013.
h. On January 27, 2013, accounting
services are
performed
on account in the amount of $3,750.
i. On January 28, 2013, a payment in cash
for $1,500
is
made for a bill from an advertising agency.AdjustmentsCalculate and make the adjustment for the
amount
of
pre-paid rent that has been used.b. Make an adjusting journal entry in the
amount
of
$1,000 for depreciation of the vehicles.
c. Make an adjusting journal entry in the
amount
of
$100 for depreciation of the equipment.