The following post-closing trial balance was prepared for Speedy Prints, Inc., but some balances were entered in
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The following post-closing trial balance was prepared for Speedy Prints, Inc., but some balances were entered in the wrong column. Prepare a corrected post-closing trial balance. Assume all accounts have normal balances and the amounts are correct?
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Speedy Prints, Ino. Post-Closing Trial Balance July 31, 2016 CREDIT ACCOUNT DEBIT $10,250 Cash Accounts Receivable 7,900 $ 500 75,000 Supplies Equipment Accumulated Depreciation, Equipment Accounts Payable Salaries Payable 25,400 7,200 1,500 Unearned Service Revenue 3,000 Common Stock 30,000 Retained Earnings Total 26,550 $80,300 $107,000
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