From the following accounts (not in order), prepare a post-closing trial balance for Wey Co. on August
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From the following accounts (not in order), prepare a post-closing trial balance for Wey Co. on August 31, 201X. Note: These balances are before closing.
Transcribed Image Text:
Accounts Receivable $18,875 P.Wey, Capital $40,825 Legal Supplies 14,250 P. Wey, Withdrawals 5,500 Office Equipment 30,000 Legal Fees Earned 18,000 Repair Expense 2,000 Accounts Payable 40,000 Salaries Expense 2,200 Cash 26,000
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Related Book For
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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