Create a post closing trial balance for Gj business -H11D.H.Iral Balapce Adjusted Inal Balance hcome StatementBalance ShoetPust Closing InaDebitCheditDebitCreditCash130,200.00130,200.00130,200.00130,200.00Supplies60,000.009,000.006,000.00130,000.0020,000.0020,000.0020,000.00Prepaid RentPrepaid InsuranceAccounts ReceivableDAllowance for Doubtful Accounts9,000.009,000.009,000.006,000.006,000.006,000.00130,000.00130,000.00130,000.0010,000.0010,000.0010,000.00Equipment2 Accounts Payable13 Salaries Payable4 Loan Payable30,000.0030,000.0030,000.00=H1130,000.0030,000.0030,000.0030,000.0030,000.0050,000.0050,000.0050,000.005 George, Capital16 George Drawings17 Service Revenuel100,000.00100,000.00235,200.0030,000.0030,000.0030,000.00400,000.00400,000.00400,000.0018 License Expense4,800.004,800.004,800.0019 Salaries Expense20 Bad Debt Expense210,000.0010,000.0040,000.00210,000.0010,000.00180,000.0021 Supplies Expense22 Total580,000.00580,000.00620,000.00620,000.00135,200.00355,200.00355,200.0023LedgerUnadjustedPoint>>Documents31°C Partly su...

A post-closing trial balance is a statement that contains all the items which have a non-zero…

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Business

Accounting

Create a post closing trial balance for Gj business

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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Question

Create a post closing trial balance for Gj business

-H11
D.
H.
Iral Balapce Adjusted Inal Balance hcome Statement
Balance Shoet
Pust Closing Ina
Debit
Chedit
Debit
Credit
Cash
130,200.00
130,200.00
130,200.00
130,200.00
Supplies
60,000.00
9,000.00
6,000.00
130,000.00
20,000.00
20,000.00
20,000.00
Prepaid Rent
Prepaid Insurance
Accounts Receivable
DAllowance for Doubtful Accounts
9,000.00
9,000.00
9,000.00
6,000.00
6,000.00
6,000.00
130,000.00
130,000.00
130,000.00
10,000.00
10,000.00
10,000.00
Equipment
2 Accounts Payable
13 Salaries Payable
4 Loan Payable
30,000.00
30,000.00
30,000.00
=H11
30,000.00
30,000.00
30,000.00
30,000.00
30,000.00
50,000.00
50,000.00
50,000.00
5 George, Capital
16 George Drawings
17 Service Revenuel
100,000.00
100,000.00
235,200.00
30,000.00
30,000.00
30,000.00
400,000.00
400,000.00
400,000.00
18 License Expense
4,800.00
4,800.00
4,800.00
19 Salaries Expense
20 Bad Debt Expense
210,000.00
10,000.00
40,000.00
210,000.00
10,000.00
180,000.00
21 Supplies Expense
22 Total
580,000.00
580,000.00
620,000.00
620,000.00
135,200.00
355,200.00
355,200.00
23
Ledger
Unadjusted
Point
>>
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31°C Partly su...

Definition Definition Statement that shows the ending balance of all the ledger accounts of a firm at the end of the accounting period. The trial balance is prepared after all the entries have been posted to the ledger accounts and assists in preparing the final accounts of a firm.

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