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Principles of Accounting
Completing the Accounting Cycle
Problem-22: Completing the Accounting Cycle
Problem-22: Completing the Accounting Cycle
Victoria Lee Company had the following adjusted trial balance
Victoria Lee Company
Adjusted Trial Balance
For the Month Ended June 30, 2019
Instructions
Prepare closing entries at June 30, 2019.
Prepare a post-closing trial balance
Solution
a.
Victoria Lee Company
Closing Journal Entries
b.
Victoria Lee Company
Post Closing Trial Balance
June 30, 2019
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More In
Completing the Accounting Cycle
Corporations: Organization and Capital Stock Transactions
Financial Statement Analysis
Long-Term Liabilities
Inventories
The Recording Process
Current Liabilities and Payroll Accounting
Accounting Information Systems
Accounting for Partnerships
Accounting for Merchandising Operations
Permutations and Combinations
Job Order Costing
Equations
Probability Distributions
Plant Assets, Natural Resources, and Intangible Assets
Budgetary Planning
Grouping and displaying data to convey meaning: Tables and Graphs
Probability I: Introductory Ideas
Fraud, Internal Control, and Cash
Arithmetic and Geometric Progressions
Logarithms
The Financial Statement of a Bank
Accounting in Action
Corporations: Dividends, Retained Earnings, and Income Reporting
Introduction
Testing Hypotheses: One Sample Tests
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