Store Adjusted Trial Balance Assignment | College Homework Help

Sofia Retail Pocketbook Store Adjusted Trial Balance Dec 31, 2019 Debit $300,000 Credit $58,000 125,000 222,000 98,000 23,000 369,000 90,000 Merchandise Inventory Unearned Sales Revenue Accumulated Depreciation-Building Accounts Receivable Rent Expense Insurance Expense Building Withdrawals-Sofia Accounts Payable Interest Revenue Depreciation Expense Salary Expense Cash Note Payable Cost of Goods Sold Capital Sofia Sales Revenue Prepaid Insurance Service Revenue 20,000 3,000 27,000 120,000 50,000 35,000 394,000 825,000 591,000 13,000 49,000 Totals $1,706,000 $1,706,000 Problem (L.) From the above prepare the 4 year-end closing journal entries (5 pts. per JE, total 20 pts.) Problem (II) From the above prepare: 10pts.) A a list of the Liabilities, ne dollars needed-5 pts. B. a list of Assets, no dollars needed – 5pts.