- Question 3 Credit Fred S Fishing Supplies Adjusted Trial Balance As At 30 June 2022 Account Debi T Cash At Bank 20 400 1 (368.92 KiB) Viewed 28 times
1. Prepare the closing entries to be made on 30 June 2022.
2. Prepare the post-closing trial balance as at 30 June
2022.
Question 3 Credit FRED'S FISHING SUPPLIES Adjusted Trial Balance as at 30 June 2022 Account Debi t Cash at bank $20,400 Accounts receivable 25,200 Fishing Supplies 6,000 Prepaid Insurance 3,000 Boat 36,000 Accumulated depreciation – boat Accounts Payable Salaries Payable Fred Thomas, Capital Fred Thomas, Drawings 14,400 Sales Revenue Salaries expense 10,300 Rent expense 4,800 Insurance Expense 1,200 Fishing supplies expense 2,700 Depreciation expense 4,200 $128,200 18,000 6,000 2,000 24,000 78,200 $128,200