Question: An accountant prepared the following post-closing trial balance. Prepare a corrected post-closing trial balance, Assume that all accounts have normal balance and that the amounts
An accountant prepared the following post-closing trial balance.

Prepare a corrected post-closing trial balance, Assume that all accounts have normal balance and that the amounts shown arecorrect.
Gypsy Treasures Co. Post-Closing Trial Balance March 31, 2012 Debit Credit Belances Balances Cash 18.00 . Accounts Receivable. 31.000 .. ...... Supplies... Equipment... Accumulated Depreciation-Equipment.. 5,500 ............A 75,000 ........T.... .......... 19.000 Accounts Payeble 11.000 Salaries Payable. 1,000 .... Unearned Rent.. 6.000 Capital Stock,.. 13,500 Retained Earnings- 79,000 98,500 160,500
Step by Step Solution
3.28 Rating (174 Votes )
There are 3 Steps involved in it
GYPSY TREASURES CO PostClosing Trial Balance March 31 2012 Debit Credi... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
52-B-A-A-C (198).docx
120 KBs Word File
