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  • Closing Entries

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    Azhar Latief
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    The post-closing trial balance of Pioneer Advertising Agency dated October 31, 2002 shows accounts like cash, accounts receivable, advertising supplies, prepaid insurance, office equipment, notes payable, accounts payable, unearned revenue, salaries payable, interest payable, and owner's equity account. It is prepared from the permanent accounts in the ledger and provides evidence that the journalizing and posting of closing entries has been properly completed.

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    The post-closing trial balance of Pioneer Advertising Agency dated October 31, 2002 shows accounts like cash, accounts receivable, advertising supplies, prepaid insurance, office equipment, notes payable, accounts payable, unearned revenue, salaries payable, interest payable, and owner's equity account. It is prepared from the permanent accounts in the ledger and provides evidence that the journalizing and posting of closing entries has been properly completed.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    8 views22 pages

    Closing Entries

    Uploaded by

    Azhar Latief
    The post-closing trial balance of Pioneer Advertising Agency dated October 31, 2002 shows accounts like cash, accounts receivable, advertising supplies, prepaid insurance, office equipment, notes payable, accounts payable, unearned revenue, salaries payable, interest payable, and owner's equity account. It is prepared from the permanent accounts in the ledger and provides evidence that the journalizing and posting of closing entries has been properly completed.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 22

    Post - Closing Trial Balance

    Pioneer Advertising Agency


    Post-Closing Trial Balance
    October 31, 2002
    After Closing
    Debit Credit
    Cash 15,200
    Accounts Receivable
    The post-closing trial 200
    Advertising Supplies balance is prepared 1,000
    Prepaid Insurance from the permanent 550
    Office Equipment accounts in the ledget: 5,000
    Accumulated Amortiza_ .. $ 83
    Notes Payable The post-closing trial 5,000
    Accounts Payable 2,500
    Unearned Revenue
    balance provides evidence 800
    Salaries Payable that the journalizing and 1,200
    Interest Payable posting of closing entries 25
    C.R. Byrd, Capital has been properly 12,342
    completed. 21,950 $ 21,950
    '

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