chapter 4 Ultimate writer

ch_4-b.docx

Alert Security Services Co. offers security services to business clients.

Based on the end-of-period spreadsheet, prepare the closing entries for Alert Security Services Co.

Alert Security Services Co.

End-of-Period Spreadsheet

For the Year Ended October 31, 2016


1		Adjusted	Adjusted
2		Trial Balance	Trial Balance	Income Statement	Income Statement	Balance Sheet	Balance Sheet
3	Account Title	Debit	Credit	Debit	Credit	Debit	Credit
4	Cash	11.00
5	Accounts Receivable	106.00
6	Supplies	7.00
7	Prepaid Insurance	2.00
8	Land	184.00
9	Equipment	54.00
10	Accumulated Depreciation-Equipment		12.00
11	Accounts Payable		34.00
12	Wages Payable		3.00
13	Brenda Schultz, Capital		247.00
14	Brenda Schultz, Drawing	7.00
15	Fees Earned		225.00
16	Wages Expense	110.00
17	Rent Expense	13.00
18	Insurance Expense	12.00
19	Utilities Expense	7.00
20	Supplies Expense	4.00
21	Depreciation Expense	2.00
22	Miscellaneous Expense	2.00
23		$521.00	$521.00
24	Net income (loss)
25

CHART OF ACCOUNTS

Alert Security Services Co.

General Ledger

	ASSETS
11	Cash
12	Accounts Receivable
13	Supplies
14	Prepaid Insurance
15	Land
16	Equipment
17	Accumulated Depreciation-Equipment

Prepare the closing entries for Alert Security Services Co. Refer to the Chart of Accounts for correct wording of account titles.

PAGE 11

JOURNAL