Wilderness Guide Services, Inc

Wilderness Guide Services, Inc., performs adjusting entries every month, but closes its accounts only at year-end. The company's year. end adjusted trial balance dated December 31, current year, is as follows. WILDERNESS GUIDR SERVICES, INC. Adjusted Trial Balance December 31, Current Year Cash $ 12,200 Accounts receivable 31,000 Camping supplies 7.900 Unexpired insurance policies 2,400 Taipment 70,000 Accumulated depreciation equipment Notes payable (due 4/1/next year) Accounts payable Capital stock Retained earnings Dividends 1,000 Guide revenge earned Balary expense 87,500 Camping supply expense Insurance expense 9.600 Depreciation expense: equipment 5.000 Interest expense 1.700 $ 229,500 $ 60,000 10,000 9,500 25,000 15,000 102.000 1.200 $ 229,500 a. Prepare all necessary closing entries at December 31, current year. b. Prepare an after closing trial balance dated December 31, current year. Complete this question by entering your answers in the tabs below. Required A Required B Prepare all necessary closing entries at December 31, current year. (If no entry is required for a transaction/event, select "No Journal entry required in the first account field.)
Prepare all necessary closing entries at December 31, current year. (If no entry is required for a transaction/event, select "No Journal entry required in the first account field.) View transaction list Journal entry worksheet
a. Prepare all necessary closing entries at December 31, current year. b. Prepare an after-closing trial balance dated December 31, current year. Complete this question by entering your answers in the tabs below. Required A Required B Book Prepare an after-closing trial balance dated December 31, current year, WILDERNESS GUIDE SERVICES, INC After-Closing Trial Balance December 31, Current Year erences Totals