From the following accounts (not in order), prepare a postclosing trial balance for Winter Company on July
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From the following accounts (not in order), prepare a postclosing trial balance for Winter Company on July 31, 201X. Note: These balances are before closing.
Transcribed Image Text:
Accounts Receivable $25,050 P.Winter, Capital $29,910 Legal Supplies 9,700 P.Winter, Withdrawals 3,500 Office Equipment 47,000 Legal Fees Earned 30,000 Repair Expense 1,740 Accounts Payable 46,000 Salaries Expense 1,920 Cash 17,000
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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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