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Cash Accounts receivable Computer supplies Prepaid insurance Prepaid rent Office equipment Account Title December 31, 2021 Accumulated depreciation-Office equipment Computer equipment Accumulated depreciation-Computer equipment Accounts payable Wages payable Unearned computer services revenue Common stock Retained earnings Dividends Computer services revenue Depreciation expense-Office equipment Depreciation expense-Computer equipment Wages expense Insurance expense Rent expense Computer supplies expense Advertising expense Mileage expense Miscellaneous expenses Repairs expense-Computer Totals $ $ < Required 2B Debit 48,372 5,668 580 1,665 825 8,000 20,000 7,100 400 1,250 3,875 555 2,475 3,065 2,753 896 250 $ 1,305 109,034 $ Credit 400 1,250 1,100 500 1,500 73,000 0 31,284 109,034 Required 4 >

Cash Accounts receivable Computer supplies Prepaid insurance Prepaid rent Office equipment Account Title December 31, 2021 Accumulated depreciation-Office equipment Computer equipment Accumulated depreciation-Computer equipment Accounts payable Wages payable Unearned computer services revenue Common stock Retained earnings Dividends Computer services revenue Depreciation expense-Office equipment Depreciation expense-Computer equipment Wages expense Insurance expense Rent expense Computer supplies expense Advertising expense Mileage expense Miscellaneous expenses Repairs expense-Computer Totals $ $ < Required 2B Debit 48,372 5,668 580 1,665 825 8,000 20,000 7,100 400 1,250 3,875 555 2,475 3,065 2,753 896 250 $ 1,305 109,034 $ Credit 400 1,250 1,100 500 1,500 73,000 0 31,284 109,034 Required 4 >

FINANCIAL ACCOUNTING
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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How do I complete the post closing trial balance using the adjusted trial balance?

3 Totals T Prepare a post-closing trial balance as of December 31, 2021. LE BUSINESS SOLUTIONS Post-Closing Trial Balance December 31, 2021 < Required 7 Bvquvu Debit 0 Credit Required 8 > 0
Transcribed Image Text:3 Totals T Prepare a post-closing trial balance as of December 31, 2021. LE BUSINESS SOLUTIONS Post-Closing Trial Balance December 31, 2021 < Required 7 Bvquvu Debit 0 Credit Required 8 > 0
Cash Accounts receivable Computer supplies Prepaid insurance Prepaid rent Office equipment Account Title Accumulated depreciation Office equipment Computer equipment Accumulated depreciation-Computer equipment Accounts payable Wages payable Unearned computer services revenue Common stock Retained earnings Dividends Computer services revenue Depreciation expense-Office equipment Depreciation expense-Computer equipment Wages expense Insurance expense Rent expense Computer supplies expense Advertising expense Mileage expense December 31, 2021 Miscellaneous expenses Repairs expense-Computer Totals $ EA $ < Required 2B Debit 48,372 5,668 580 1,665 825 8,000 20,000 7,100 400 1,250 3,875 555 2,475 3,065 2,753 896 250 1,305 109,034 $ $ Credit 400 1,250 1,100 500 1,500 73,000 0 31,284 109,034 Required 4 >
Transcribed Image Text:Cash Accounts receivable Computer supplies Prepaid insurance Prepaid rent Office equipment Account Title Accumulated depreciation Office equipment Computer equipment Accumulated depreciation-Computer equipment Accounts payable Wages payable Unearned computer services revenue Common stock Retained earnings Dividends Computer services revenue Depreciation expense-Office equipment Depreciation expense-Computer equipment Wages expense Insurance expense Rent expense Computer supplies expense Advertising expense Mileage expense December 31, 2021 Miscellaneous expenses Repairs expense-Computer Totals $ EA $ < Required 2B Debit 48,372 5,668 580 1,665 825 8,000 20,000 7,100 400 1,250 3,875 555 2,475 3,065 2,753 896 250 1,305 109,034 $ $ Credit 400 1,250 1,100 500 1,500 73,000 0 31,284 109,034 Required 4 >
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