At the end of December, the general ledger for Job Connect showed the following account balances:
General Ledger
101 Cash in Bank
105 Accts. Rec. -
CompuRite Systems
110 Accts. Rec. −
Marquez Manufact.
113 Accts. Rec. - Roaring
Rivers Water Park
115 Accts. Rec. − M. Spencer
130 Office Equipment
135 Office Furniture
140 Computer Equipment
201 Accts. Pay. - Micro
Solutions Inc.
205 Accts. Pay. - Vega
Internet Services
6,000
1,000
500
600
200
7,000
5,000
8,500
2,800
1,600
207 Accts. Pay. - Wildwood
Furniture Sales
301 Richard Tang, Capital
302 Richard Tang,
Withdrawals
303 Income Summary
401 Placement Fees Revenue
405 Technology Classes
Revenue
501 Advertising Expense
505 Maintenance Expense
510 Miscellaneous Expense
520 Rent Expense
530 Utilities Expense
2,000
23,600
3,000
___
6,900
2,400
3,000
800
800
2,000
900
Using the preceding account names and balances: 1. Prepare the six-column work sheet. The period covered is one month. 2. Prepare the financial statements. 3. Record the closing entries on page 28 of the general journal. 4. Post the closing entries. 5. Prepare a post-closing trial balance.
