Assuming the following Adjusted Trial Balance: Adjusted Trial Balance Debit Credit Cash $19,900 Accounts Receivable 9,900 Supplies 1,800 Prepaid Insurance 2,000 Salaries Payable $8,600 Common Stock 11,000 Retained Earnings 2,800 Dividends 4,000 Service Fee Revenue 37,350 Salaries Expense 16,500 Supplies Expense 4,200 Insurance Expense 1,450 $59,750 $59,750 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.
Assuming the following Adjusted Trial Balance: Adjusted Trial Balance Debit Credit Cash $19,900 Accounts Receivable 9,900 Supplies 1,800 Prepaid Insurance 2,000 Salaries Payable $8,600 Common Stock 11,000 Retained Earnings 2,800 Dividends 4,000 Service Fee Revenue 37,350 Salaries Expense 16,500 Supplies Expense 4,200 Insurance Expense 1,450 $59,750 $59,750 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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Assuming the following Adjusted
| Adjusted Trial Balance | ||
| Debit | Credit | |
| Cash | $19,900 | |
| 9,900 | ||
| Supplies | 1,800 | |
| Prepaid Insurance | 2,000 | |
| Salaries Payable | $8,600 | |
| Common Stock | 11,000 | |
| 2,800 | ||
| Dividends | 4,000 | |
| Service Fee Revenue | 37,350 | |
| Salaries Expense | 16,500 | |
| Supplies Expense | 4,200 | |
| Insurance Expense | 1,450 | |
| $59,750 | $59,750 |
Recreate the Post-Closing Trial Balance that would result after all closing
Transcribed Image Text: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
19,000
Accounts Receivable
9,900
Supplies
1,800
Prepaid Insurance
2,000
Salaries Payable
8,600
Common Stock
11,000
Retained Earnings
2,800
%24
%24
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