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10

Accounting

10. Below is the adjusted trial balance for Pleasantville Corporation as of December 2014: Pleasantville Corporation Adjusted Trial balance December 31, 2016 Debit Credit Cash $ 10,000 Accounts Receivable 5,000 Prepaid Rent 3,000 Prepaid Insurance 2,000 Supplies 1,100 Investments 10,000 Land 25,000 Building 50,000 Accumulated Depreciation-Building 5,000 Accounts Payable 8,000 Unearned Revenue 3,500 Notes Payable 5,000 Common Stock 45,000 Retained Earnings 20,600 Dividends 1,000 Fees Earned 25,000 Wages Expense 2,500 Rent Expense 1,700 Utilities Expense 800 Total $ 112,100 $ 112,100 A. Prepare the closing entries. B. Prepare a post-closing trial balance.

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