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    Post-Closing Trial Balance

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    Jamirah Lhene Ramos
    The post-closing trial balance on December 31, 20-8 shows assets like cash, accounts receivable, inventory and property and equipment. It also shows liabilities such as accounts payable, loans payable, and equity of Michael B. Francisco. Various expense and revenue accounts are listed, along with their debit and credit balances for the period. The trial balance totals $838,747.95 on both sides, indicating equality.

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    Post-Closing Trial Balance

    Uploaded by

    Jamirah Lhene Ramos
    4 views2 pages
    The post-closing trial balance on December 31, 20-8 shows assets like cash, accounts receivable, inventory and property and equipment. It also shows liabilities such as accounts payable, loans payable, and equity of Michael B. Francisco. Various expense and revenue accounts are listed, along with their debit and credit balances for the period. The trial balance totals $838,747.95 on both sides, indicating equality.

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    fundamentals of accounting

    Original Title

    Post-closing trial balance

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    The post-closing trial balance on December 31, 20-8 shows assets like cash, accounts receivable, inventory and property and equipment. It also shows liabilities such as accounts payable, loans payable, and equity of Michael B. Francisco. Various expense and revenue accounts are listed, along with their debit and credit balances for the period. The trial balance totals $838,747.95 on both sides, indicating equality.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    4 views2 pages

    Post-Closing Trial Balance

    Uploaded by

    Jamirah Lhene Ramos
    The post-closing trial balance on December 31, 20-8 shows assets like cash, accounts receivable, inventory and property and equipment. It also shows liabilities such as accounts payable, loans payable, and equity of Michael B. Francisco. Various expense and revenue accounts are listed, along with their debit and credit balances for the period. The trial balance totals $838,747.95 on both sides, indicating equality.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
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    Computer Best Store

    Post-closing Trial Balance, December 31, 20-8

    Account Title Dr. Cr.


    Petty cash fund 5000
    Cash in bank - Enterprise Capital Bank 88347.18
    Accounts Receivable 105191.25
    Interest Receivable 72.16
    Allowance for doubtful accounts 1577.87
    Merchandise Inventory 114925
    Merchandise Inventory - Accessories, Januray 1, 20-8 6855
    Prepaid Insurance 5400
    Unused store and office supplies 1757.36
    Furniture and Fixtures 43000
    Accumulated Depreciation - Furniture and Fixtures 7350
    Store and Office Equipment 75600
    Accumulated Depreciation - Store and Office Equipment 27370
    Delivery Equipment 275000
    Accumulated Depreciation - Delivery Equipment 34958.33
    Store and Office Improvements 105000
    Accumulated Depreciation - Store and Office Improvements 28125
    Deposit with utility companies 12600
    Accounts Payable 130105
    Other Accrued Expense 10880.75
    SSS/Philhealth premiums payable 124.35
    Pag-IBIG premiums payable 113.25
    Witholding taxes payable 232.9
    Accrued Utilities Payable 2942.948
    Loans Payable 130000
    Michael B. Francisco, Capital 464967.552

    838747.95 838747.95
    838747.95

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