USA: +1(669)289-8683 
Sign in
assignment_mod_05_3.xlsx
Module 05 Accounting Assignment – Closing Entries and the Post Closing Trial Balance
eview the adjusted trial balance for Smith construction for the period ending May 31 2010 in the
Excel Template
.
Requirements:
- Prepare the Income Statement.
- Prepare the Statement of Retained Earnings.
- Prepare the Balance Sheet.
- Prepare the three closing entries.
- Prepare the Post Closing Trial Balance.
>M Assignment
2010 is as follows:
7,240
Receivable
200 1,000 2,400 2,000 1,000 500 200 104,800 for the period ending May for Smith Construction.
for Smith Construction for the Month of May.
Smith Construction for Smith Construction as of May 31, 2010.
Smith Construction Accounts Debit Credit .
Smith Construction5
Module 5 Assignment:
The adjusted trial balance for Smith construction for the period ending May
3
1
Smith Construction
Adjusted Trial Balance
31-May
Account
Debit
Credit
10.
Cash
4
12.
Accounts
8,080
13.
Prepaid Insurance
1,000
14.
Supplies
700
16.
Equipment
24,000
17.
Accumulated Depreciation equipment
2,400
18.
Tools
1,
200
20.
Accounts Payable
22.
Unearned Revenue
2,000
24.
Wages Payable
30.
Common Stock
42,
500
32.
Dividends
3,900
40.
Service Revenue
56,700
50.
Salary Expense
11,780
51.
Depreciation Expense
52.
Rent Expense
54.
Repair Expense
56.
Supplies Expense
800
57.
Insurance Expense
59.
Utilities Expense
Total
104,800
Requirements:
1
Prepare the
Income Statement
Smith Construction
Income Statement
For the period Ended March 1 through
May 31
2
Prepare the
Statement of Retained Earnings
Statement of Retained Earnings
For the Period Ended March 1 through May 31
3
Prepare the
Balance Sheet
Balance Sheet
May 31
ASSETS
Liabilities
STOCKHOLDER’S EQUITY
4
Prepare the three closing entries.
Journal
Date
Post. Ref
5
Prepare the
Post Closing Trial Balance
Post Closing Trial Balance
31-May
Account Debit Credit
