[neenawagner]

The post closing trail bal. for Kazak Improt company at March 31 is as follows
DR CR
Cash 321,000
Account receivable 201,000
Inventory 504,000
Bldg & equip 1,560,000
Accumulated depreciation 240,000
Account payable 246,000
Salaries payable 45,000
Common stock 1,410,000
Retained earning 645,000

Transaction during April and additional info

1. Sales on account 3000,000
2. Cash sales 195,000
3. Cash collected on acct receivable 240,000
4. Salaries paid in cash 150,000
5. Salaries earned on April 29 and 30 but not yet paid 15,000
6. Misc. expense paid in cash 30,000
7. Merchandize purchased on acct 330,000
8. Acct payable paid in cash 270,000
9. Merchandize Inventory April 30th 540,000
10. Depreciation expense 9000

Required

Prepare an income statement for the month of April and a post closing trial balance at April 30th

[morgaine300]

OK, so we have a bunch of transactions, then an income statement, then closing... did you expect someone to just do all this work for you? If you have a specific question, ask it. You have a bunch of work here and no one knows exactly what you need help with.

https://www.askmehelpdesk.com/financ...-b-u-font.html