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  • Post Closing Trial Balance

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    Amirp Luna
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    Cebu Car Tech Center's post-closing trial balance as of February 28, 2017 shows total debits of $2,044,513 equaling total credits of $2,044,513. Major accounts include cash in bank of $955,180, accounts receivable of $210,000, merchandise inventory of $102,000, transportation equipment of $700,000, accounts payable of $305,000, notes payable of $500,000 and E. Detoya, Capital- End of $1,199,763.

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    STATEMENT OF FINANCIAL POSITION- GRADE 12

    Original Title

    6. Post Closing Trial Balance

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    Cebu Car Tech Center's post-closing trial balance as of February 28, 2017 shows total debits of $2,044,513 equaling total credits of $2,044,513. Major accounts include cash in bank of $955,180, accounts receivable of $210,000, merchandise inventory of $102,000, transportation equipment of $700,000, accounts payable of $305,000, notes payable of $500,000 and E. Detoya, Capital- End of $1,199,763.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    7 views1 page

    Post Closing Trial Balance

    Uploaded by

    Amirp Luna
    Cebu Car Tech Center's post-closing trial balance as of February 28, 2017 shows total debits of $2,044,513 equaling total credits of $2,044,513. Major accounts include cash in bank of $955,180, accounts receivable of $210,000, merchandise inventory of $102,000, transportation equipment of $700,000, accounts payable of $305,000, notes payable of $500,000 and E. Detoya, Capital- End of $1,199,763.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    Cebu Car Tech Center

    Post-closing Trial Balance


    As of 28 February 2017
    Debit Credit
    Account Titles:

    Cash in Bank 955 180


    Accounts Receivable 210 000
    Estimated Uncollectible Accounts 10 500
    Merchandise Inventory 102 000
    Store Supplies Inventory 4 000
    Prepaid Interest 73 333
    Transportation Equipment 700 000
    Accumulated Depreciation 11 250
    Accounts Payable 305 000
    Notes Payable 500 000
    Accrued Utilities 18 000
    E. Detoya, Capital- End 1 199 763
    2 044 513 2 044 513

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