Blem 1 20 Marks Bridgerton Company has a fiscal year ending on September 30. The adjusted trial balance at the end of the year is as follows:
Bridgerton Company TRIAL BALANCE (Adjusted) 30-Sep-17
Debit
$37,400 $4,200 $6,200 11,000 3,900 70,000 120,000 80,000
18,600
123,500 7,800 18,000 14,400 12,000 21,900 548,900
Credit
Cash
Inventory
Supplies
Accounts Receivable Prepaid Insurance Land
Equipment
Patent
Accumulated Depreciation – Equipment Accounts Payable
Mortgage Payable (due 2020)
Interest Payable
Salaries and Wages Payable
Unearned Rent Revenue
Dividends
Capital
Retained Earnings, Oct 1, 2016
Sales Revenue
Rent Revenue
Cost of Goods Sold
Depreciation Expense
Insurance Expense
Supplies Expense
Interest Expense
Salaries and Wages Expense
Required:
a) Prepare a classified statement of financial position.
b) Journalize the closing entries
c) Prepare a post-closing trial balance
$42,000 19,600 79,000 6,000 4,100 4,800
109,700 28,800 240,500 14,400
548,900
(10 marks) (5 m