Mr. Balog owns Balog Arborists. He has a list of accounts he believes should be used...

 

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Mr. Balog owns Balog Arborists. He has a list of accounts he believes should be used to create the post-closing trial balance; however, he is not correct in his assumptions and the accountant is on vacation. Determine which accounts should appear on Balog Arborists' post-closing trial balance and calculate the value of the debit and credit balance sides. What is the value of the post-closing trial balance when debits equal credits? $800 2,000 Ben Balog, Drawing Telephone/Cell Expense Rent Expense Prepaid Insurance $ 450 1,050 Equipment 3,300 Truck 12,500 Accum. Depr-Equip 900 Accounts Payable 4,000 Tree Removal Fees 6,200 Office Supplies 760 Accounts Receivable 1,900 Wages Expense 1,560 Ben Balog, Capital 15,000 Wages Payable 1,790 Cash 2,180 Advertising Expense 2,225 Mr. Balog owns Balog Arborists. He has a list of accounts he believes should be used to create the post-closing trial balance; however, he is not correct in his assumptions and the accountant is on vacation. Determine which accounts should appear on Balog Arborists' post-closing trial balance and calculate the value of the debit and credit balance sides. What is the value of the post-closing trial balance when debits equal credits? $800 2,000 Ben Balog, Drawing Telephone/Cell Expense Rent Expense Prepaid Insurance $ 450 1,050 Equipment 3,300 Truck 12,500 Accum. Depr-Equip 900 Accounts Payable 4,000 Tree Removal Fees 6,200 Office Supplies 760 Accounts Receivable 1,900 Wages Expense 1,560 Ben Balog, Capital 15,000 Wages Payable 1,790 Cash 2,180 Advertising Expense 2,225

Answer rating: 100% (QA)

Accounts that should appear in the postclosing trial balance Debit Balances ... View the full answer