From the following accounts (not in order), prepare a post-closing trial balance for Wey Co. on December
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From the following accounts (not in order), prepare a post-closing trial balance for Wey Co. on December 31, 2020. Note: These balances are before closing.
Transcribed Image Text:
Accounts Receivable 18,875 14,250 P. Wey, Capital P. Wey, Withdrawals Legal Fees Earned Accounts Payable 63,450 1,500 Legal Library Office Equipment Repair Expense Salaries Expense 59,700 2,850 1,275 12,000 45,000 22,000 Cash
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Related Book For
College Accounting A Practical Approach
ISBN: 978-0134166698
13th Canadian edition
Authors: Jeffrey Slater, Debra Good
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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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