From the following accounts (not in order), prepare a post-closing trial balance for Washington Co. on December
Question:
From the following accounts (not in order), prepare a post-closing trial balance for Washington Co. on December 31, 2020. Note: These balances are before closing.
Transcribed Image Text:
P. Washington, Capital P. Washington, Withdrawals Accounts Receivable 8,750 20,610 Legal Library 6,830 2,500 Accum. Depn., O.E. 3,000 Cleaning Expense 1,000 Legal Fees Earned Accounts Payable Office Equipment 15,700 18,640 Repair Expense Salaries Expense 1,240 5,200 3,200 Cash 8,230
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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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