A partially completed worksheet for At Home Pet Grooming Ser

A partially completed worksheet for At Home Pet Grooming Service, a firm that grooms pets at the owner\'s home, follows Required: 1. Complete the worksheet. 2. Record the adjusting entries in the general journal (transactions 1-3) 3. Record the closing entries in the general journal (transactions 4-7) 4. Post the adjusting entries and the closing entries to the general ledger accounts. Hint: Be sure to enter beginning balances 5. Prepare a post-closing trial balance Analyze: What total debits were posted to the general ledger to complete all closing entries for the month of December? Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Req 4 Req 5 Analyze Complete the worksheet At Home Pet Grooming Service Worksheet Month Ended December 31, 2019 Adjusted Trail Income Statement Balance Sheet Trial Balance Debit $ 31,450 Adjustments Balance Account Name Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash

Solution

At Home Pet Grooming Services Worksheet Month Ended December 31, 2019 Account Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash 31450 31450 31450 Accounts Receivable 5150 5150 5150 Supplies 4800 1800 3000 3000 Prepaid Advertising 3400 1600 1800 1800 Equipment 20400 20400 20400 Accumulated Depreciation - Equipment 520 520 520 Accounts Payable 5400 5400 5400 Shara Johns, Capital 39500 39500 55880 Shara Johns, Drawings 2400 2400 Fee Income 28640 28640 28640 Salary Expense 5200 5200 5200 Utilities Expense 740 740 740 Suppies Expense 1800 1800 1800 Advertising Expense 1600 1600 1600 Depreciation Expense - Equipment 520 520 520 Total 73540 73540 3920 3920 74060 74060 9860 28640 61800 61800 Net income 18780 28640 28640 61800 61800 At Home Pet Grooming Services Closing Journal Entries For the month ended December 31, 2019 Event Account Title Debit credit 1 Fee Income 28640 Income Summary 28640 (Closing of the revenue account) 2 Income Summary 9860 Salary Expense 5200 Utilities Expense 740 Supplies Expense 1800 Advertising Expense 1600 Depreciation Expense - Equipment 520 (Cloing of the expense accounts) 3 Income Summary 18780 Shara Johns, Capital 18780 (Closing income summary to Capital account) 4 Shara Johns, Drawings 2400 Shara Johns, Capital 2400 (Closing the drawings account)