11) All closing entries must be posted before preparing the post-closing trial balance.

12) From the following accounts, prepare in proper form a post-closing trial balance for Logan’s Pet Sitting on December 31. (Note: These balances are before closing).

 

Logan, Capital$7,400

Cash2,000

Accumulated Depreciation1,500

Equipment5,000

Accounts Payable900

Logan, Withdrawals1,000

Wages Expense2,250

Supplies Expense775

Accounts Receivable3,125

Personal Trainer Fees4,350

13) From the following accounts, prepare in proper form a post-closing trial balance for Matison Company on December 31.

 

Accounts Receivable$4,600

Accounts Payable1,290

Cash6,450

Salaries Payable1,660

Supplies500

Prepaid Insurance1,200

Matison, Capital9,800

 

 

 



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