Question

Required information The following information applies to the questions displayed below.) Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Assume the year ended on September 30, 2018. $ 607 3e7 907 307 207 207 Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Deferred Revenue Depreciation Expense Equipment Income Tax Expense Interest Revenue Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent Rent Expense Retained Earnings Salaries and Wages Expense Service Revenue Supplies Supplies Expense Travel Expense 307 3,207 307 107 207 507 107 407 1,507 2,207 6,221 5e7 207 2,607 3. Prepare a post-closing trial balance at September 30, 2018.

Answer 1

Trial Balance at September 30, 2018
PARTICULARS	DEBIT	CREDIT
Accounts payable		607
Accounts receivable	307
Accumulated depreciation		907
Cash	307
Common stock		207
Deferred Revenue		207
Depreciation	307
Equipment	3207
Income tax expense	307
Interest revenue		107
Notes payable(long term		207
Notes payable(short term		507
Prepaid rent	107
Rent expense	407
Retained earnings		1507
Salaries and wages	2207
Service revenue		6221
Supplies	507
Supplies expense	207
Travel expense	2607
	10477	10477