분야
pdfIFRS 4th Edition
Chapter 4
Completing the
Accounting Cycle
Weygandt ●Kimmel ●Kieso
Preparing Closing Entries (2 of 2)
(Individual)
Expenses
Income
Summary
(Individual)
Revenues
Retained
EarningsDividends
Key:
1.Close Revenues to Income
Summary.
2.Close Expenses to Income
Summary.
3.Close Income Summary to
Retained Earnings.
4.Close Dividends to Retained
Earnings.
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4
Copyright 2019 John Wiley & Son, Inc. LO 224
Yazici Advertising A.S.
Post-Closing Trial Balance
October 31, 2020
Debit Credit
Cash 15,200
Accounts Receivable 200
Supplies 1,000
Prepaid Insurance 550
Equipment 5,000
Accumulated DepreciationEquipment 40
Notes Payable 5,000
Accounts Payable 2,500
Unearned Service Revenue 800
Salaries and Wages Payable 1,200
Interest Payable 50
Share CapitalOrdinary 10,000
Retained Earnings 2,360
21,950 21,950
28Copyright 2019 John Wiley & Son, Inc. LO 2
29
YAZICI ADVERTISING A.S.
Statement of Financial Position
As of October 31, 2020
Assets
Cash TL15,200
Accounts receivable 200
Supplies 1,000
Prepaid Insurance 550
Equipment TL5,000
Less: Accum. Depri.equipment 404,960
Total assets TL21,910
Liabilities and Equity
Liabilities
Notes payable 5,000
Accounts payable 2,500
Salaries and wages payable 1,200
Unearned svc. revenue 800
Interest payable 50
Total liabilities 9,550
Equity
Share capitalordinary 10,000
Retained earnings 2,36012,360
Total equity and liabilities TL21,910
