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The year-end adjusted trial balance of Hilltoppers Corporation included the following account balances: Cash, $3,900; Equipment, $15,900; Accounts Payable, $1,900; Common Stock, $12,000; Retained Earnings, $5,000; Dividends, $1,200; Service Revenue, $14,900; Salaries Expense, $9.900; and Utilities Expense, $2,900. Prepare the post-closing trial balance.

The year-end adjusted trial balance of Hilltoppers Corporation included the following account balances: Cash, $3,900; Equipment, $15,900; Accounts Payable, $1,900; Common Stock, $12,000; Retained Earnings, $5,000; Dividends, $1,200; Service Revenue, $14,900; Salaries Expense, $9.900; and Utilities Expense, $2,900. Prepare the post-closing trial balance.

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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The year-end adjusted trial balance of Hilltoppers Corporation included the following account balances: Cash, $3,900; Equipment, $15,900; Accounts Payable, $1,900; Common Stock, $12,000; Retained Earnings, $5,000; Dividends, $1,200; Service Revenue, $14,900: Salaries Expense, $9.900; and Utilities Expense, $2,900. Prepare the post-closing trial balance. HILLTOPPERS CORPORATION Post-Closing Trial Balance Debit Accounts Cash Equipment Accounts Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Utilities Expense Totals $ 3,900 15,900 $ $ 24,800 $ Credit 1,900 12,000 1,200 14,900 9,900 2,900 42,800
Transcribed Image Text:The year-end adjusted trial balance of Hilltoppers Corporation included the following account balances: Cash, $3,900; Equipment, $15,900; Accounts Payable, $1,900; Common Stock, $12,000; Retained Earnings, $5,000; Dividends, $1,200; Service Revenue, $14,900: Salaries Expense, $9.900; and Utilities Expense, $2,900. Prepare the post-closing trial balance. HILLTOPPERS CORPORATION Post-Closing Trial Balance Debit Accounts Cash Equipment Accounts Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Utilities Expense Totals $ 3,900 15,900 $ $ 24,800 $ Credit 1,900 12,000 1,200 14,900 9,900 2,900 42,800
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