Question

The adjusted trial balance columns of the worksheet for Oriole Company are as follows.

ORIOLE COMPANY Worksheet (partial) For the Month Ended April 30, 2020
		Adjusted Trial Balance
Account Titles		Dr.		Cr.
Cash		11,500
Accounts Receivable		8,000
Prepaid Rent		2,500
Equipment		23,000
Accumulated Depreciation—Equip.				4,700
Notes Payable				5,500
Accounts Payable				5,300
Owner’s Capital				29,340
Owner’s Drawings		3,400
Service Revenue				15,900
Salaries and Wages Expense		10,900
Rent Expense		800
Depreciation Expense		640
Interest Expense		80
Interest Payable				80
Totals		60,820		60,820

Post the closing entries. (Post entries in the order of journal entries posted in the previous part of the question.)

Income Summary
choose a transaction date (1)(2)(3)(4)Bal.Total	enter a debit amount	choose a transaction date (1)(2)(3)(4)Bal.Total	enter a credit amount
choose a transaction date (1)(2)(3)(4)Bal.Total	enter a debit amount	choose a transaction date (1)(2)(3)(4)Bal.Total	enter a credit amount
choose the end date of the accounting period (1)(2)(3)(4)Bal.Total	enter a debit amount	choose the end date of the accounting period (1)(2)(3)(4)Bal.Total	enter a debit amount
Owner’s Capital
choose a transaction date (1)(2)(3)(4)Bal.Total	enter a debit amount	choose a transaction date (1)(2)(3)(4)Bal.Total	enter a credit amount
choose a transaction date (1)(2)(3)(4)Bal.Total	enter a debit amount	choose a transaction date (1)(2)(3)(4)Bal.Total	enter a credit amount
choose the end date of the accounting period (1)(2)(3)(4)Bal.Total	enter a debit balance	choose the end date of the accounting period (1)(2)(3)(4)Bal.Total	enter a credit balance

SHOW LIST OF ACCOUNTS

Prepare a post-closing trial balance at April 30.

ORIOLE COMPANY Post-Closing Trial Balance choose the accounting period For the Year Ended April 30, 2020April 30, 2020For the Month Ended April 30, 2020
	Debit		Credit
enter an account title	$enter a debit balance		$enter a credit balance
enter an account title	enter a debit balance		enter a credit balance
enter an account title	enter a debit balance		enter a credit balance
enter an account title	enter a debit balance		enter a credit balance
enter an account title	enter a debit balance		enter a credit balance
enter an account title	enter a debit balance		enter a credit balance
enter an account title	enter a debit balance		enter a credit balance
enter an account title	enter a debit balance		enter a credit balance
enter an account title	enter a debit balance		enter a credit balance
Totals	$enter a total for the debit column		$enter a total for the credit column

Answer 1

Income Summary
(2)	12420*	(1)	15900
(3)	3480**
	15900		15900
Owner's capital
(4)	3400	Bal	29340
		(3)	3480
		Bal	29420

* 10900 + 800 + 640 + 80

** 15900 - 12420

Post closing trial balance

Particulars	Debit	Credit
Cash	11500
Accounts Receivable	8000
Prepaid Rent	2500
Equipment	23000
Accu. Dep - Equip.		4700
Notes Payable		5500
Interest Payable		80
Accounts Payable		5300
Owner's capital		29420
Total	45000	45000