An accountant prepared the following post-closing trial balance: Security Services Co. POST-CLOSING TRIAL BALANCE July 31, 2018 ACCOUNT TITLE DEBIT
An accountant prepared the following post-closing trial balance: Security Services Co. POST-CLOSING TRIAL BALANCE July 31, 2018 ACCOUNT TITLE DEBIT
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
An accountant prepared the following post-closing trial balance :
Security Services Co.
POST-CLOSING TRIAL BALANCE
July 31, 2018
| ACCOUNT TITLE | DEBIT | CREDIT | |
|---|---|---|---|
|
1
|
Cash
|
47,140.00
|
|
|
2
|
|
122,780.00
|
|
|
3
|
Supplies
|
|
3,700.00
|
|
4
|
Equipment
|
|
127,200.00
|
|
5
|
|
32,400.00
|
|
|
6
|
Accounts Payable
|
51,700.00
|
|
|
7
|
Salaries Payable
|
|
6,400.00
|
|
8
|
Unearned Rent
|
8,800.00
|
|
|
9
|
Common Stock
|
40,000.00
|
|
|
10
|
|
161,520.00
|
|
|
11
|
Totals
|
464,340.00
|
137,300.00
|
Prepare a corrected post-closing trial balance. Assume that all accounts have normal balances and that the amounts shown in the instructions are correct.
Post-Closing Trial Balance
Prepare a corrected post-closing trial balance. Assume that all accounts have normal balances and that the amounts shown in the instructions are correct.
Security Services Co.
POST-CLOSING TRIAL BALANCE
July 31, 2018
| ACCOUNT TITLE | DEBIT | CREDIT | |
|---|---|---|---|
|
1
|
Cash
|
|
|
|
2
|
Accounts Receivable
|
|
|
|
3
|
Supplies
|
|
|
|
4
|
Equipment
|
|
|
|
5
|
Accumulated Depreciation-Equipment
|
|
|
|
6
|
Accounts Payable
|
|
|
|
7
|
Salaries Payable
|
|
|
|
8
|
Unearned Rent
|
|
|
|
9
|
Common Stock
|
|
|
|
10
|
Retained Earnings
|
|
|
|
11
|
Totals
|
|
|
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