Des Infectant is the sole proprietor of "GSI: Grime Scene
Investigators". Des is friends with Gail Shooter, Stanley Noife and
Bonnie Jovi. GSI: Grime Scene Investigators is contracted by Here If
You Need, Nailed It Hardware and Vinyl Countdown to clean the
premises of each business.
One evening when they all were all out to dinner, Des was explaining
that he had no idea how to close off the accounts. His friends suggested
he contact Prider & Copeland Accounting Services again and ask for
you as they have all been very happy with the work you have done for
them.
During his appointment with you, Des presents you with the following
Trial Balance. Des has tried to be helpful and has sorted the Trial
Balance into alphabetical order!
Accounts Payable
Accounts Receivable
Accumulated Depreciation - Cleaning Equipment
Cash at Bank
Cleaning Equipment
Cleaning Supplies
Cleaning Supplies Expense
D. Infectant - Capital
D. Infectant - Drawings
Depreciation Expense
Insurance Expense
Interest Expense
Interest Payable
Mortgage Payable
Prepaid Insurance
Rent Expense
Salaries Expense
Salaries Payable
Sales
Unearned Revenue
Total
GSI: Grime Scene Investigators
Trial Balance
For the year ended 30 June 2022
REQUIRED
Debit ($) Credit ($)
9,000
37,800
18,600
54,000
9,000
3,060
21,600
6,300
1,620
900
4,500
7,200
21,060
27,000
27,000
680
15,700
3,060
93,120
10,080
185,640 185,640
The Managing Partner has requested that you assist Des by preparing
the following:
a) Closing entries based on the Trial Balance provided above.
b) A Post-closing Trial Balance for the year ended 30 June 2022.
The Post-closing Trial balance must be in the appropriate order
(i.e., not alphabetical)