I need help with the Post closing Trial Balance

CHART OF ACCOUNTS

Chandler Company

General Ledger

	ASSETS
11	Cash
12	Accounts Receivable
16	Prepaid Insurance
18	Equipment
19	Accumulated Depreciation-Equipment

	LIABILITIES
21	Accounts Payable
22	Salaries Payable
24	Income Taxes Payable

	EQUITY
31	Roscoe Chandler, Capital
32	Roscoe Chandler, Drawing

	REVENUE
41	Fees Earned
42	Rent Revenue
43	Interest Revenue

	EXPENSES
51	Salaries Expense
52	Selling Expense
53	Income Taxes Expense
54	Depreciation Expense-Equipment
55	Insurance Expense
59	Miscellaneous Expense

Chandler Company

ADJUSTED TRIAL BALANCE

December 31, 2018

	ACCOUNT TITLE	DEBIT	CREDIT
1	Cash	76,000.00
2	Accounts Receivable	29,000.00
3	Prepaid Insurance	16,000.00
4	Equipment	60,000.00
5	Accumulated Depreciation-Equipment		40,000.00
6	Accounts Payable		6,000.00
7	Salaries Payable		8,000.00
8	Income Taxes Payable		4,000.00
9	Roscoe Chandler, Capital		20,000.00
10	Roscoe Chandler, Drawing	5,000.00
11	Fees Earned		175,600.00
12	Rent Revenue		92,000.00
13	Interest Revenue		17,200.00
14	Salaries Expense	71,000.00
15	Selling Expense	25,600.00
16	Income Taxes Expense	15,000.00
17	Depreciation Expense-Equipment	47,200.00
18	Insurance Expense	17,000.00
19	Miscellaneous Expense	1,000.00
20	Totals	362,800.00	362,800.00

The post-closing trial balance shows all the permanent accounts with their updated values after the temporary accounts have been reduced to zero balance for the next accounting cycle. Also, the post-closing trial balance is meant to ensure that debits equal credits post-close.

Roscoe is very happy with your work on the closing entries for Chandler Company, and asks if you would prepare a post-closing trial balance for the company.

Chandler Company

POST-CLOSING TRIAL BALANCE

December 31, 2018

	ACCOUNT TITLE	DEBIT	CREDIT
1	Cash
2	Accounts Receivable
3	Prepaid Insurance
4	Equipment
5	Accumulated Depreciation-Equipment
6	Accounts Payable
7	Salaries Payable
8	Income Taxes Payable
9	Roscoe Chandler, Capital
10	Totals

DATE DESCRIPTION Dec. 31 Fees Earned Rent Revenue Interest Revenue Salaries Expense Selling Expense Income Taxes Expense Depreciation Expense-Equipment Insurance Expense Miscellaneous Expense Roscoe Chandler, Capital [To close revenues and expenses accounts] POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 175,600.00 92,000.00 17,200.00 71,000.00 1 25,500.00 1 15,000.00 47,200.00 1 17,000.00 1 1,000.00 1 108,000.00 1 5,000.00 Dec. 31 Roscoe Chandler, Capital Roscoe Chandler, Drawing [To close drawings account] 5,000.00