Post-Closing Trial Balance An accountant prepared the following post-closing trial balance: Security Services Co. Post-Closing Trial...

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Post-Closing Trial Balance An accountant prepared the following post-closing trial balance: Security Services Co. Post-Closing Trial...

Post-Closing Trial Balance

An accountant prepared the following post-closing trial balance:

Security Services Co. Post-Closing Trial Balance July 31, 20Y0
	Debit Balances	Credit Balances
Cash	10,400
Accounts Receivable	23,090
Supplies		1,460
Equipment		102,860
Accumulated Depreciation—Equipment	34,320
Accounts Payable	12,480
Salaries Payable		1,140
Unearned Rent	4,680
Common Stock	13,500
Retained Earnings	71,690
	170,160	105,460

Prepare a corrected post-closing trial balance. Assume that all accounts have normal balances and that the amounts shown are correct. If an amount box does not require an entry, leave it blank.

Security Services Co.
Post-Closing Trial Balance
July 31, 20Y0
	Debit Balances	Credit Balances
Cash
Accounts Receivable
Supplies
Equipment
Accumulated Depreciation—Equipment
Accounts Payable
Salaries Payable
Unearned Rent
Common Stock
Retained Earnings

business accounting

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Answer 1

Answer #1

Security Services Co.
Post-Closing Trial Balance
July 31, 20Y0
	Debit Balances	Credit Balances
Cash	10400
Accounts Receivable	23090
Supplies	1460
Equipment	102860
Accumulated Depreciation—Equipment		34320
Accounts Payable		12480
Salaries Payable		1140
Unearned Rent		4680
Common Stock		13500
Retained Earnings		71690
	137810	137810

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Answer 2

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