Question: Assuming the following Adjusted Trial Balance, create the Post-Closing Trial Balance that would result, after all closing journal entries were made and posted: Adjusted Trial

Assuming the following Adjusted Trial Balance, create the Post-Closing Trial Balance that would result, after all closing journal entries were made and posted:

Adjusted Trial Balance
Debit Credit
Cash 22,900
Prepaid Insurance 4,000
Notes Payable 40,000
Common Stock 25,000
Retained Earnings 48,350
Dividends 22,000
Sales Revenue 150,000
Automobile Expense 26,500
Insurance Expense 20,000
Salaries Expense 122,500
Supplies Expense 1,450
Total $263,350 $263,350

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