The bookkeeper of simon services prepared the post-closing trial balance; meaning that the trial balance was created after the posting of the closing entries for the month end. as an accounting student, you noticed that the correct normal balances for the business assets, liabilities, service revenue expenses, capital and withdrawals are all recorded on that post-closing trail balance. if asked, what professional advice you need to provide to the bookkeeper?

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If the postclosing trial balance shows that the correct normal balances for assets liabilities servi... View the full answer