From the following accounts (not in order), prepare a post-closing trial balance for Wang Co. on March 31, 202X.

Accounts Receivable $12,925 

Legal Supplies 11,100 

Office Equipment 31,000 

Repair Expense 1,800 

Salaries Expense 900

 P. Wang, Capital 17,725 

P. Wang, Withdrawals 4,000 

Legal Fees Earned 12,000 

Accounts Payable 49,000 Cash 17,000 

Answer rating: 100% (QA)

To prepare a postclosing trial balance for Wang Co on March 31 202X we need to l... View the full answer