Prepare a post-closing trial balance at January 31, 2014.
Closing trial balance at Jan. 31, 2014
Date Explanation Dr Cr
Jan. 31 sundries account of repair services revenue 31,200.00 Earned services revenue a/c 800.00 the Income Summary a/c 32,000.00
Jan. 31 By Income ummary a/c 5,780.00 sundries fuel expense a/c 600.00 rent expense a/c 1,200.00 salary expense a/c 3,200.00 depreciation expense a/c 80.00 supplies expense a/c 400.00 expired prepaid insurance a/c 300.00
Jan. 31 the Income Summary a/c 26,220.00 the capital stock a/c 26,220.00
“References
• Air Arabia, (2013). Air Arabia Annual Report. pp. 27-45.
• Centreforaviation.com, (2015). Could Jazeera Airways, a small and nimble carrier, come to the rescue of Kuwait Airways? | CAPA - Centre for Aviation. [Online] Available at: http://centreforaviation.com/analysis/could-jazeera-airways-a-small-and-nimble-carrier-come-to-the-rescue-of-kuwait-airways-108076 [Accessed 15 Mar. 2015].
• Jazeera Group, (2013). Jazeera Airways Group Annual Report. The Opportunity At Home. pp.24