Use the accounts shown on the next two pages to prepare a Dec. 31 post-closing trial balance
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Use the accounts shown on the next two pages to prepare a Dec. 31 post-closing trial balance for Hot Suds Car Wash.
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Cash in Bank Credit Accounts Receivable- Valley Auto Debit Credit + Balance 5,050 Debit + Balance 8,000 Office Furniture Credit Accounts Payable- Allen Vacuum Systems Debit Credit Balance 41,000 Regina Delgado, Capital Debit Credit Closing 1,500 35,925 Closing 16,000 Debit + Balance 9,000 Accounts Receivable- Linda Brown Debit Credit Balance 875 Office Equipment Credit Car Wash Equipment Debit Credit + Balance 65,000 Accounts Payable- O'Brian's Office Supply Debit Credit Balance 2,500 Regina Delgado, Withdrawals Debit Credit Balance 1,500 Closing 1,500 Debit + Balance 6,000
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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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