An accountant prepared the following post-closing trial balance. Prepare a corrected post-closing trial balance, Assume that all
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 shown arecorrect.
Transcribed Image Text:
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
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Related Book For
Financial and Managerial Accounting
ISBN: 978-0538480895
11th Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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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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