The balance sheet debit column of the worksheet for Shaw Company includes the following accounts: Accounts Receivable
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Question:
The balance sheet debit column of the worksheet for Shaw Company includes the following accounts: Accounts Receivable $12,500; Prepaid Insurance $3,600; Cash $4,100: Supplies $5,200, and Short-term Investments $6.700. Prepare the current assets section of the balance sheet, listing the accounts in proper sequence.
Instructions
(a) Prepare closing entries at June 30.2012.
(b) Prepare a post-closing trial balance.
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