Question

Post the closing entries to the T-accounts. Use "Clos." and the corresponding number as shown in the journal entry as posting references long dash—"Clos.(1)", "Clos.(2)", etc. The adjusted balance of each account has been entered for you. Post any closing entries to the accounts and then calculate the post-closing balance ("Bal.") of each account (including those that were not closed). For any accounts with a zero balance after closing, enter a "0" on the normal side of the account. For Income Summary, calculate and enter the balance ("Bal.") before posting the entry to close out the account. Post the entry to close Income Summary account on the same line as you entered the balance prior to closing (the second line) and then show the post-closing balance ("Bal.") on the last (third) line of the account.

Answer 1

Company Name
Post-Closing Trial Balance​
Accounts titles	Debit	Credit
Cash	$ 26,550
Accounts receivable	$    2,550
Office supplies	$        350
Prepaid insurance	$        450
Truck	$ 17,000
Accumulated depreciation - truck		$        150
Salaries payable		$        700
Unearned revenue		$        700
Mass, capital		$ 45,350
Total	$ 46,900	$ 46,900