Question

Looking for post closing trial balance

COLLEGE COASTERS, INC UNADJUSTED TRIAL BALANCE AS OF NOVEMBER 30, 2017 DR CR 10,005 2,000 500 600 700 CASH ACCOUNTS RECEIVABLE INVENTORY PREPAID RENT EQUIPMENT ACCUMULATED DEPRECIATION ACCOUNTS PAYABLE SALARIES &WAGES PAYABLE INCOME TAXES PAYABLE COMMON STOCK RETAINED EARNINGS SALES REVENUE COST OF GOODS SOLD DEPRECIATION EXPENSE INCOME TAX EXPENSE OFFICE EXPENSE RENT EXPENSE SALARIES&WAGES EXPENSE $110 1,500 300 6,500 3,030 15,875 8,900 110 1,400 1,100 2,000 $27,315 27.31S $

Answer 1

Assuming the above figures you have given are correct the following is the post closing trial balance

also check your adjusted trial balance accounts receivable should be 3000 not 300

Post closing trial balance
items	Debit	Credit
Cash	11255
Accounts receivable	3000
Inventory	250
Prepaid rent	500
Equipment	700
Accumulated depriciation		120
Accounts payable		200
Salaries and wages payable		100
Income tax payable		740
Common stock		6500
Retained earnings		8045
total	15705	15705