An accountant prepared the following post-closing trial balance: Prepare a corrected post-closing trial balance. Assume that all
Question:
An accountant prepared the following post-closing trial balance:
Prepare a corrected post-closing trial balance. Assume that all accounts have normal balances and that the amounts shown arecorrect.
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La Jolla Billiards Co. Post-Closing Trial Balance October 31, 2010 Debit Balances Credit Balances Cash Accounts Receivable Supplies Equipment . Accumulated Depreciation-Equipment Accounts Payable Salaries Payable 13,200 29,350 1,850 130,600 43,500 15,800 1,500 Unearned Rent 6,000 108,200 216,050 Trisha Valentino, Capital 133,950 ... .
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Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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