521F1QA@2PA9. LO 5.2 Assuming the following Adjusted Trial Balance, create the Post-Closing Trial Balance that wouldresult, after all closing journal entries were made and posted:Adjusted Trial BalanceDebitCredit$ 22,900CashPrepaid InsuranceFixed Assets4,00044.000Notes Payable$ 40,000Common Stock25,00048,350Retained EarningsDividends22,000150,000Sales RevenueAutomobile Expense26,500Insurance Expense20,000122,500Salaries ExpenseSupplies Expense1,450$263.350$263,350F2WS# 380F3ED$4MAY23aF4R%5F어요F5FeeTPage 4 of 4tvMacBook AirF6A6GY73 words&7F7HIN

Closing Entries - Closing entries are required to close the temporary accounts after making…

PA9.5.2 Assuming the following Adjusted Trial Balance, create the Post-Closing Trial Balance that would result, after all closing journal entries were made and posted: Adjusted Trial Balance Debit Credit Cash $ 22,900 Prepaid Insurance 4,000 Fixed Assets 44,000 Notes Payable $ 40,000 Common Stock 25,000 48,350 Retained Earnings Dividends 22,000 Sales Revenue 150,000 Automobile Expense 26,500 Insurance Expense 20,000 Salaries Expense 122,500 Supplies Expense 1,450 $263,350 $263,350

PA9.5.2 Assuming the following Adjusted Trial Balance, create the Post-Closing Trial Balance that would result, after all closing journal entries were made and posted: Adjusted Trial Balance Debit Credit Cash $ 22,900 Prepaid Insurance 4,000 Fixed Assets 44,000 Notes Payable $ 40,000 Common Stock 25,000 48,350 Retained Earnings Dividends 22,000 Sales Revenue 150,000 Automobile Expense 26,500 Insurance Expense 20,000 Salaries Expense 122,500 Supplies Expense 1,450 $263,350 $263,350

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter2: Basic Accounting Systems: Cash Basis

Section: Chapter Questions

Problem 2.6P: Financial statements Alpine Realty. Inc., organized July 1. 20Y8, is operated by Angela Griffin. How...

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Financial statements Alpine Realty. Inc., organized July 1. 20Y8, is operated by Angela Griffin. How many errors can you find in the following financial statements far Alpine Realty, Inc. prepared after its first month of operations?
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