An accountant prepared the following post-closing trial balance:

Prepare a corrected post-closing trial balance. Assume that all accounts have normal balances and that the amounts shown are correct.

Transcribed Image Text:

Gypsy Treasures Co. Post-Closing Trial Balance March 31, 2012 Debit Balances Balances Credit Cash 18,000 Accounts Receivable.. 31,000 Supplies... Equipment... Accumulated Depreciation-Equipment . 5,500 75,000 19,000 Accounts Payable Salaries Payable . 11,000 1,000 Unearned Rent. 6,000 Capital Stock.. Retained Earnings. 13,500 79,000 98,500 160,500