The year-end adjusted trial balance of Hilltoppers Corporation included the following account balances: Cash, $3,300; Equipment, $15,300; Accounts Payable, $1,300; Common Stock, $12,000; Retained Earnings, $3,800; Dividends, $1,200; Service Revenue, $14,300; Salaries Expense, $9,300; and Utilities Expense, $2,300. Prepare the post-closing trial balance.
The year-end adjusted trial balance of Hilltoppers Corporation included the following account balances: Cash, $3,300; Equipment, $15,300; Accounts Payable, $1,300; Common Stock, $12,000; Retained Earnings, $3,800; Dividends, $1,200; Service Revenue, $14,300; Salaries Expense, $9,300; and Utilities Expense, $2,300. Prepare the post-closing trial balance.
Chapter5: Completing The Accounting Cycle
Section: Chapter Questions
Problem 3EB: For each of the following accounts, identify whether it would be closed at year-end (yes or no) and...
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Prepare the post-closing trial balance.
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