From the following transactions (not in order), prepare a post-closing trial balance for Bill Co. on...

Transcribed Image Text:

From the following transactions (not in order), prepare a post-closing trial balance for Bill Co. on December 31, 2021. Accounts Receivable 20,000 B. Bill Capital 65,000 Legal Library 15,000 Cash 25,000 Office Supplies 5,000 Legal Fees Earned 10,000 Salaries Expense 12,000 B. Bill Withdrawals ll Bill Co. Post-Closing Trial Balance December 31, 2021 Dr. Cr. Total From the following transactions (not in order), prepare a post-closing trial balance for Bill Co. on December 31, 2021. Accounts Receivable 20,000 B. Bill Capital 65,000 Legal Library 15,000 Cash 25,000 Office Supplies 5,000 Legal Fees Earned 10,000 Salaries Expense 12,000 B. Bill Withdrawals ll Bill Co. Post-Closing Trial Balance December 31, 2021 Dr. Cr. Total

Answer rating: 100% (QA)

First let us calculate the closing journal entries ... View the full answer