Assuming the following Adjusted Trial Balance: Adjusted Trial Balance Debit Credit Cash $17,900 Accounts Receivable 10,900 Supplies 1,800 Prepaid Insurance 2,300 Salaries Payable $8,600 Common Stock 12,000 Retained Earnings 2,800 Dividends 4,000 Service Fee Revenue 35,650 Salaries Expense 16,500 Supplies Expense 4,200 Insurance Expense 1,450 $59,050 $59,050 Recreate the Post-Closing Trial Balance that would result after all closing journal entries were made and posted. If an amount box does not require an entry, leave it blank. Post-Closing Trial Balance Debit Credit Cash Prepaid Insurance Retained Earnings Supplies Expense Supplies

Assuming the following Adjusted Trial Balance: Adjusted Trial Balance Debit Credit Cash $17,900 Accounts Receivable 10,900 Supplies 1,800 Prepaid Insurance 2,300 Salaries Payable $8,600 Common Stock 12,000 Retained Earnings 2,800 Dividends 4,000 Service Fee Revenue 35,650 Salaries Expense 16,500 Supplies Expense 4,200 Insurance Expense 1,450 $59,050 $59,050 Recreate the Post-Closing Trial Balance that would result after all closing journal entries were made and posted. If an amount box does not require an entry, leave it blank. Post-Closing Trial Balance Debit Credit Cash Prepaid Insurance Retained Earnings Supplies Expense Supplies

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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