create the post closing trial balance 234 5 Cash 6 Accounts Receivable 7 Merchandise Inventory 8...

 

 

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create the post closing trial balance 234 5 Cash 6 Accounts Receivable 7 Merchandise Inventory 8 Machines OG 4 9 9 7 9812 11 13 10 building Accounts Payable 12 Mortgage Payable Owner's, Capital Owner's, Drawings 15 Sales revenues 16 Utilities expense 17 Advertising Expense 18 depreciation Expense 14 A 19 wage Expense 20 Acc. Dep - Machines 22 insurance expense Trial Balance Waffle House 31-Jul-17 B 8,000 5,000 3,500 35,000 125,000 4,000 3,000 1,200 1500 35,000 6,500 C 22,000 1,500 100,000 24,200 80,000 227,700 227700 F G A) create the closing entries fe Waffle House b) create the post closing trial balance DR H CR create the post closing trial balance 234 5 Cash 6 Accounts Receivable 7 Merchandise Inventory 8 Machines OG 4 9 9 7 9812 11 13 10 building Accounts Payable 12 Mortgage Payable Owner's, Capital Owner's, Drawings 15 Sales revenues 16 Utilities expense 17 Advertising Expense 18 depreciation Expense 14 A 19 wage Expense 20 Acc. Dep - Machines 22 insurance expense Trial Balance Waffle House 31-Jul-17 B 8,000 5,000 3,500 35,000 125,000 4,000 3,000 1,200 1500 35,000 6,500 C 22,000 1,500 100,000 24,200 80,000 227,700 227700 F G A) create the closing entries fe Waffle House b) create the post closing trial balance DR H CR

Answer rating: 100% (QA)

The postclosing trial balance is one of the final steps in the accounting cycle To create the postclosing trial balance you first need to perform closing entries to transfer the balances of all tempor... View the full answer