The March 31, 2020, adjusted trial balance for Amusement Park Repair is shown below with accounts in

Question:

The March 31, 2020, adjusted trial balance for Amusement Park Repair is shown below with accounts in alphabetical order.

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Required

Preparation Component:

a. Place an X in the space provided beside each account balance that would not appear on the post-closing trial balance.

b. Calculate the post-closing balance in the owner?s capital.

Analysis Component: Explain why the account balances identified in part (a) would not appear on the post-closing trial balance.

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Step by Step Answer:

Related Book For  book-img-for-question

Fundamental Accounting Principles Volume I

ISBN: 978-1260305821

16th Canadian edition

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

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