Assuming the following Adjusted Trial Balance: Adjusted Trial Balance Debit Credit Cash $19,900 Accounts Receivable 10,900 Supplies 1,700 Prepaid Insurance 2,400 Salaries Payable $8,600 Common Stock 12,000 Retained Earnings 2,800 Dividends 4,000 Service Fee Revenue 38,150 Salaries Expense 17,000 Supplies Expense 4,200 Insurance Expense 1,450 $61,550 $61,550 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 Debit Credit $ $ $ $
Assuming the following Adjusted Trial Balance: Adjusted Trial Balance Debit Credit Cash $19,900 Accounts Receivable 10,900 Supplies 1,700 Prepaid Insurance 2,400 Salaries Payable $8,600 Common Stock 12,000 Retained Earnings 2,800 Dividends 4,000 Service Fee Revenue 38,150 Salaries Expense 17,000 Supplies Expense 4,200 Insurance Expense 1,450 $61,550 $61,550 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 Debit Credit $ $ $ $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Assuming the following Adjusted
| Adjusted Trial Balance | ||
| Debit | Credit | |
| Cash | $19,900 | |
| Accounts Receivable | 10,900 | |
| Supplies | 1,700 | |
| Prepaid Insurance | 2,400 | |
| Salaries Payable | $8,600 | |
| Common Stock | 12,000 | |
| 2,800 | ||
| Dividends | 4,000 | |
| Service Fee Revenue | 38,150 | |
| Salaries Expense | 17,000 | |
| Supplies Expense | 4,200 | |
| Insurance Expense | 1,450 | |
| $61,550 | $61,550 |
Recreate the Post-Closing Trial Balance that would result after all closing
Post-Closing Trial
Debit Credit
| $ | ||
| $ | ||
| $ | $ |
Transcribed Image Text:Assuming the following Adjusted Trial Balance:
Adjusted Trial Balance
Debit
Credit
Cash
$19,900
Accounts Receivable
10,900
Supplies
1,700
Prepaid Insurance
2,400
Salaries Payable
$8,600
Common Stock
12,000
Retained Earnings
2,800
Dividends
4,000
Service Fee Revenue
38,150
Salaries Expense
17,000
Supplies Expense
4,200
Insurance Expense
1.450
$61,550
$61,550
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
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