GREEN BIOMEDICAL SYSTEMS

POST CLOSING TRIAL

ACCOUNT TITLE ADJUSTED TRIAL BALANCE ACCOUNT TITLE CLOSING JOURNAL ENTRIES ACCOUNT TITLE
BALANCE
DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT
P Cash 9,700 Fee Revenue 69,000 Cash 9,700
P Account Receivable 4,900 Income Summary 69,000 Account Receivable 4,900
P Prepaid Expenses 2,600 To close the revenue account Prepaid Expenses 2,600
P Plant Assets 241,300 Plant Assets 241,300
P Accumulated Depreciation 189,600 Income Summary 4,300 Accumulated Depreciation 189,600
P Land 158,000 Salary Expense 3,400 Land 158,000
P Accounts Payable 13,800 Utilities Expense 900 Accounts Payable 13,800
P Salary Payable - Salary Payable -
T Unearned Consulting Revenue 56,700 Income Summary 64,700 Unearned Consulting Revenue -
P Alex Green, Capital 157,400 Alex Green, Capital 64,700 Alex Green, Capital 213,100
T Alex Green, Withdrawals 9,000 Alex Green, Withdrawals -
T Consulting Revenue - 12,300 Income Summary 9,000 Consulting Revenue -
T Rent Expense - Alex Green, Withdrawals 9,000 Rent Expense -
T Salary Expense 3,400 Salary Expense -
T Utilities Expense 900 Utilities Expense -
T Depreciation Expense - Depreciation Expense -
T Supplies Expense - Supplies Expense -
TOTAL 429,800.00 429,800.00 TOTAL 416,500.00 416,500.00