Financial Accounting, Student Value Edition (5th Edition)
5th Edition
ISBN: 9780134728520
Author: Robert Kemp, Jeffrey Waybright
Publisher: PEARSON
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Chapter 3, Problem 13SE
Preparing a post-closing
After closing its accounts at July 31,2018, Anderson Realty, Inc., had the following account balances:
| Notes Payable.......................... | $ 5,000 | Cash........................................ | $ 3,800 |
| Prepaid Rent............................ | 1,600 | Service Revenue..................... | 0 |
| Accounts Receivable................ | 2,300 | 10,700 | |
| Prepaid Insurance.................... | 4,200 | Common Stock....................... | 35,000 |
| Accounts Payable..................... | 2,100 | Salaries Expense..................... | 0 |
| Equipment................................ | 45,500 | Accumulated |
4,600 |
Prepare Anderson Realty's post-closing trial balance at July 31, 2018. List the accounts in proper order.
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Chapter 3 Solutions
Financial Accounting, Student Value Edition (5th Edition)
Ch. 3 - If XYZ Consulting performs a consulting service,...Ch. 3 - Prob. 2DQCh. 3 - Prob. 3DQCh. 3 - Prob. 4DQCh. 3 - Prob. 5DQCh. 3 - Prob. 6DQCh. 3 - Prob. 7DQCh. 3 - Prob. 8DQCh. 3 - What kind of account is accumulated depreciation?...Ch. 3 - Prob. 10DQ
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