Refer to PE 4-16. Prepare a post-closing trial balance. For this exercise, ignore the adjustments described in
Question:
Refer to PE 4-16. Prepare a post-closing trial balance. For this exercise, ignore the adjustments described in PE 4-16; just use the reported trial balance.
Data from PE 4-16
Debit Credit $ 87,000 144,000 192,000 210,000 Cash. Notes Receivable Prepaid Rent Building... Accounts Payable.. $165,000 225,000 200,000 90,000 Unearned Fee Revenue. Capital Stock.. Retained Earnings Dividends. 22,000 Fee Revenue 257,000 229,000 53,000 Wages Expense Utilities Expense. $937,000 $937,000 Totals. .
Step by Step Answer:
Debits Credits Cash 87000 Notes Receivable 144000 Prepaid Rent 19...View the full answer
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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