Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. instructions an accountant prepared the following

Instructions An accountant prepared the following post-closing trial balance: Security Services Co. POST-CLOSING TRIAL BALANCE...

80.2K

Verified Solution

Question

Accounting

imageimage

Instructions An accountant prepared the following post-closing trial balance: Security Services Co. POST-CLOSING TRIAL BALANCE July 31, 2018 ACCOUNT TITLE DEBIT CREDIT Cash 46,760.00 2 Accounts Receivable 123,300.00 3 Supplies 3,700.00 4 Equipment 126,800.00 5 Accumulated Depreciation-Equipment 34,000.00 6 Accounts Payable 52,500.00 7 Salaries Payable 5,500.00 8 Unearned Rent 8,600.00 Common Stock 40,000.00 10 Retained Earnings 159,960,00 11 Totals 465,120.00 136,000.00 Post-Closing Trial Balance Prepare a corrected post-closing trial balance. Assume that all accounts have normal balances and that the amounts shown in the instructions are correct. Security Services Co. POST-CLOSING TRIAL BALANCE July 31, 2018 ACCOUNT TITLE DEBIT CREDIT 1 Cash 2 Accounts Receivable 3 Supplies 4 Equipment 5 Accumulated Depreciation-Equipment 6 Accounts Payable 7 Salaries Payable 8 Unearned Rent 9 Common Stock 10 Retained Earnings 11 Totals

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students