The Adjusted trial balance for the month ending April 30, 2018 for Sav Co. is presented below. The owner did not make any additional owner investments in the business in April.
Account titles Dr. Cr.
Accounts Receivable 7,840
Prepaid Rent 2,280
Accm Deprn-Equip 4,900
Notes Payable 5,700
Accounts Payable 4,920
Owner’s capital 27,960
Wages Expense 10,840
Rent Expense 760
Deprn Expense 650
Interest Expense 57
Interest Payable 57
Totals 59,127 59,127
EX4-3 Prepare an “income statement”, “owner’s equity statement”, and “balance sheet”.
EX4-4: Prepare the closing entries at April 30.
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