Worksheet data for Savaglia Company are present as follows

Savaglia Company
Worksheet (partial)
For the Month Ended April 30, 2020

Instruction

journalize the closing entries at Atril 30.
Post the closing entries to become Summary and Owner's Capital. Use T-accounts.
Prepare a post-closing trial balance at April 30.

Solution

Savaglia Company
Closing Journal Entries

Savaglia Company
T-accounts

Savaglia Company
Post-Closing Trial Balance
April 30, 2020

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Explain the purpose of a worksheet.

Process of preparing closing entries.

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Instruction

Solution

Problems: Completing the Accounting Cycle

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