Question: Can you do a post closing trial balance? DR CR CASH 14,665$ ACCOUNTS RECEIVABLE 875 INVENTORY 175 PREPAID RENT 6,000 EQUIPMENT 900 ACCUMULATED DEPRECIATION 400$
Can you do a post closing trial balance?
DR CR CASH 14,665$ ACCOUNTS RECEIVABLE 875 INVENTORY 175 PREPAID RENT 6,000 EQUIPMENT 900 ACCUMULATED DEPRECIATION 400$ ACCOUNTS PAYABLE 375 SALARIES & WAGES PAYABLE 140 INCOME TAXES PAYABLE 770 COMMON STOCK 6,500 RETAINED EARNINGS 6,115 SALES REVENUE 50,625 COST OF GOODS SOLD 10,125 DEPRECIATION EXPENSE 200 OFFICE EXPENSE 4,525 RENT EXPENSE 24,000 SALARIES & WAGES EXPENSE 2,690 INCOME TAX EXPENSE 770 64,925$ 64,925$ COLLEGE COASTERS, INC. ADJUSTED TRIAL BALANCE AS OF DECEMBER 31, 2021
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