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Post-Closing Trial Balance An accountant prepared the following post-closing trial balance: Security Services Co. Post-Closing Trial...

Post-Closing Trial Balance An accountant prepared the following post-closing trial balance: Security Services Co. Post-Closing Trial Balance July 31, 2018 Debit Balances Credit Balances Cash 41,100 Accounts Receivable 317,400 Supplies 5,000 Equipment 162,750 Accumulated Depreciation - Equipment 73,300 Accounts Payable 82,500 Salaries Payable 5,500 Unearned Rent 12,000 Common Stock 65,000 Retained Earnings 287,950 879,250 173,250 Prepare a corrected post-closing trial balance. Assume that all accounts have normal balances and that the amounts shown are correct. If an amount box does not require an entry, leave it blank. Security Services Co. Post-Closing Trial Balance July 31, 2018 Debit Balances Credit Balances Cash Accounts Receivable Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Unearned Rent Common Stock Retained Earnings

Prepare a corrected post-closing trial balance. Assume that all accounts have normal balances and that the amounts shown are correct. If an amount box does not require an entry, leave it blank.

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Expert Solution

Security Services Co.
Post Closing Trial Balance
July 31, 2018
Account Titles Debit Credit
$ $
Cash 41,100
Accounts Receivable 317,400
Supplies 5,000
Equipment 162,750
Accumulated Depreciation : Equipment 73,300
Accounts Payable 82,500
Salaries Payable 5,500
Unearned Rent 12,000
Common Stock 65,000
287,950
Totals $ 526,250 $ 526,250

ekkarill92 answered 2 years ago
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