Question: This problem should be used only in conjunction with Problem 4-3A. It completes the accounting cycle by posting to T-accounts and preparing the post-closing trial
Required
1. Using the data in Problem 4-3A, post the adjusting and closing entries to the T-accounts, identifying adjusting amounts as Adj., closing amounts as Clo., and account balances as Bal., as shown in Exhibit 4-10 (page 187 ). Double underline all accounts with a zero ending balance.
2. Prepare the post-closing trial balance.
3. Prepare a classified balance sheet at December 31, 2017.
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Req 1 Cash Accounts Receivable Bal 7500 Bal 54000 Adj 5500 Bal 59500 Supplies Equipment Bal 13500 Ad... View full answer
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