From the following accounts (not in order), prepare a post-closing trial balance for Wey Co. on December
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From the following accounts (not in order), prepare a post-closing trial balance for Wey Co. on December 31, 2023.
Transcribed Image Text:
Accounts Receivable Legal Library Office Equipment Repair Expense Salaries Expense 18,875 14,250 61,800 2,850 1,275 P. Wey, Capital P. Wey, Withdrawals Legal Fees Earned Accounts Payable Cash 63,550 1,500 24,000 45,000 32,000
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Related Book For
College Accounting A Practical Approach
ISBN: 9780135222416
14th Canadian Edition
Authors: Jeffrey Slater, Debra Good
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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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