Refer to PE 4-16. Prepare a post-closing trial balance. For this exercise, ignore the adjustments described in

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Refer to PE 4-16. Prepare a post-closing trial balance. For this exercise, ignore the adjustments described in PE 4-16; just use the reported trial balance.

PE 4-16

Before any adjusting entries were made, the company prepared the following trial balance as of December 31:

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Financial Accounting

ISBN: 978-0324645576

10th edition

Authors: W. Steve Albrecht, James D. Stice, Earl K. Stice

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Question Posted: Sep 11, 2016 11:57 AM

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Refer to PE 4-16. Prepare a post-closing trial balance. For this exercise, ignore the adjustments described in

Question:

Credit $ 68,000 126,000 216,000 290,000 Cash Notes Receivable Prepaid Rent Building Accounts Payable Unearned Fee Revenue Capital Stock Retained Earnings $ 150,000 270,000 150,000 100,000 17,000 370,000 Fee Revenue Wages Expense Utilities Expense . 244,000 79,000 $1,040,000 . Totals $1,040,000

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POST CLOSING TRIAL BALANCE Account title Debit Credit ...View the full answer

Financial Accounting

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