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Post ? Closing Trial Balance Selected accounts fro...

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Question

Post ? Closing Trial Balance Selected accounts from the general ledger of Western Candle Company as of December 31, 2007, are shown below. Prepare a post-closing trial balance for Western Candle Company. Cash $23,000 Accounts receivable 7,800 Supplies 900 Prepaid insurance 1,750 Building 30,500 Accumulated depreciation-building 3,500 Office equipment 20,000 Accumulated depreciation-office equipment 4,500 Accounts payable 6,450 Unearned service revenue 3,500 Salary payable 2,900 Common stock 39,000 Retained earnings 9,800 Dividends 2,000 Service revenue 30,400 Depreciation expense-building 700 Depreciation expense-office equipment 400 Insurance expense 250 Supplies expense 300 Utilities expense 2,600 Salary expense 9,850

 

Paper#4280 | Written in 18-Jul-2015

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