From the following accounts (not in order), prepare a post-closing trial balance for Winter Co. on October
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From the following accounts (not in order), prepare a post-closing trial balance for Winter Co. on October 31,201X.
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Accounts Rc Legal Supplies Office Equipment Repair Expense Salaries Expense 28,500 . Winter, Capital $ 47,790 6,000 8,000 47,000 31,000 5,300 P Winter, Withdrawals Legal Fees Earned Accounts Payable Cash 28,500 1,740 1,750
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WINTER CO POSTCLOSING BALANCE OCTOBER 31201X Dr Cr Cash 31 0 0 0 ...View the full answer
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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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