PA.9) Assuming the following Adjusted Trial Balance, create the Post-Closing Trial Balance that would result, after all closing journal entries were made and posted: Adjusted Trial Balance Debit $ 22,900 4,000 44,000 Cash Prepaid Insurance Fixed Assets Notes Payable Common Stock Retained Earnings Dividends Sales Revenue Automobile Expense Insurance Expense Salaries Expense Supplies Expense 22,000 26,500 20,000 122,500 D 1,450 $263,350 Credit 40,000 25,000 48,350 150,000 $263,350

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
icon
Concept explainers
Question
5:40
ution Page G Google b Home | bartleby
Financial Accounting 1100
Mastery Assignment Ch.5
Complete the following problems on an excel spreadsheet.
PA.9) Assuming the following Adjusted Trial Balance, create the Post-Closing Trial
Balance that would result, after all closing journal entries were made and posted:
Adjusted Trial Balance
Debit
$ 22,900
4,000
44,000
Cash
Prepaid Insurance
Fixed Assets
Notes Payable
Common Stock
Retained Earnings
Dividends
Sales Revenue
Automobile Expense
Insurance Expense
Salaries Expense
Supplies Expense
22,000
26,500
20,000
122,500 D
1,450
$263.350
Credit
$ 40,000
25,000
48,350
150,000
X
$263,350
Transcribed Image Text:5:40 ution Page G Google b Home | bartleby Financial Accounting 1100 Mastery Assignment Ch.5 Complete the following problems on an excel spreadsheet. PA.9) Assuming the following Adjusted Trial Balance, create the Post-Closing Trial Balance that would result, after all closing journal entries were made and posted: Adjusted Trial Balance Debit $ 22,900 4,000 44,000 Cash Prepaid Insurance Fixed Assets Notes Payable Common Stock Retained Earnings Dividends Sales Revenue Automobile Expense Insurance Expense Salaries Expense Supplies Expense 22,000 26,500 20,000 122,500 D 1,450 $263.350 Credit $ 40,000 25,000 48,350 150,000 X $263,350
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Completing the Accounting Cycle
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education