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    ACCTG A Final Exam

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    heyhey
    This trial balance sheet shows the financial position of Sasang Agot Events & Parties for the year ended December 31, 2019. It displays the unadjusted trial balance, adjustments to various accounts, and the resulting post-closing trial balance. Significant adjustments include recognizing expenses for office supplies and depreciation, and salaries payable. The post-closing trial balance reflects the adjusted balances for assets, liabilities, equity, revenues and expenses.

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    ACCTG A Final Exam

    Uploaded by

    heyhey
    54 views2 pages
    This trial balance sheet shows the financial position of Sasang Agot Events & Parties for the year ended December 31, 2019. It displays the unadjusted trial balance, adjustments to various accounts, and the resulting post-closing trial balance. Significant adjustments include recognizing expenses for office supplies and depreciation, and salaries payable. The post-closing trial balance reflects the adjusted balances for assets, liabilities, equity, revenues and expenses.

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    This trial balance sheet shows the financial position of Sasang Agot Events & Parties for the year ended December 31, 2019. It displays the unadjusted trial balance, adjustments to various accounts, and the resulting post-closing trial balance. Significant adjustments include recognizing expenses for office supplies and depreciation, and salaries payable. The post-closing trial balance reflects the adjusted balances for assets, liabilities, equity, revenues and expenses.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    54 views2 pages

    ACCTG A Final Exam

    Uploaded by

    heyhey
    This trial balance sheet shows the financial position of Sasang Agot Events & Parties for the year ended December 31, 2019. It displays the unadjusted trial balance, adjustments to various accounts, and the resulting post-closing trial balance. Significant adjustments include recognizing expenses for office supplies and depreciation, and salaries payable. The post-closing trial balance reflects the adjusted balances for assets, liabilities, equity, revenues and expenses.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 2

    Sasang Agot Events & Parties

    Worksheet
    For the year ended December 31, 2019
    Unadjusted Trial Balance Adjustments
    Debit Credit Debit Credit
    Cash 45,000.00
    Notes Receivable 360,000.00
    Accounts Receivable 156,000.00
    Office Supplies 63,000.00 42,000.00
    Land 300,000.00
    Building
    Depreciation - 1,590,000.00
    Building 254,000.00 38,000.00
    Equipment
    Depreciation - 2,150,000.00
    Equipment 612,000.00 123,000.00
    Accounts
    UnearnedPayable
    Consulting 213,000.00
    Revenue 450,000.00 150,000.00
    Agot, Capital 2,655,000.00
    Agot, Drawing 600,000.00
    Revenues 2,108,000.00 150,000.00
    Salaries Expense 875,000.00 14,000.00
    Repairs Expense
    Miscellaneous 116,000.00
    Expense 37,000.00
    Total 6,292,000.00 6,292,000.00

    Adjustments:
    Office Supplies Expense 42,000.00
    Depreciation Expense 161,000.00
    Salaries Payable 14,000.00
    Interest Receivable 24,000.00
    Interest Income 24,000.00
    391,000.00 391,000.00
    vents & Parties
    sheet
    December 31, 2019
    Closing Entries Post-Closing Trial Balance
    Debit Credit Debit Credit
    45,000.00
    360,000.00
    156,000.00
    21,000.00
    300,000.00
    1,590,000.00
    292,000.00
    2,150,000.00
    735,000.00
    213,000.00
    300,000.00
    437,000.00 3,092,000.00
    600,000.00
    2,258,000.00
    889,000.00
    116,000.00
    37,000.00

    42,000.00
    161,000.00
    14,000.00
    24,000.00
    24,000.00

    2,282,000.00 2,282,000.00 4,646,000.00 4,646,000.00

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