9) The following is the adjusted trial balance for Tuttle Photography. Accounts Debit Credit Cash $15,000 Accounts receivable 30,000 Prepaid insurance 7,500 Office supplies 3,200 Land 40,000 Building...



9) The following is the adjusted trial balance for Tuttle Photography.

































































































































Accounts




Debit




Credit




Cash




$15,000







Accounts receivable




30,000







Prepaid insurance




7,500







Office supplies




3,200







Land




40,000







Building




160,000







Accumulated depreciation







$12,000




Equipment




75,000







Accumulated depreciation







8,500




Accounts payable







12,000




Salaries payable







2,000




Unearned service revenue







25,000




Mortgage payable







100,000




Common stock







10,000




Retained earnings







11,290




Dividends




23,000







Service revenue







289,000




Salaries expense




61,000







Depreciation expense




6,150







Supplies expense




14,040







Insurance expense




14,000







Utilities expense




20,900










$469,790




$469,790






Using the information above, prepare a post-closing trial balance for Tuttle Photography



(dated December 31, 2012).







May 15, 2022
SOLUTION.PDF

Get Answer To This Question

Submit New Assignment

Copy and Paste Your Assignment Here