An accountant prepared the following post-closing trial balance: Prepare a corrected post-closing trial balance. Assume that all
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Prepare a corrected post-closing trial balance. Assume that all accounts have normal balances and that the amounts shown arecorrect.
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Gypsy Treasures Co. Post-Closing Trial Balance March 31, 2012 DebitCredit Balances Balances Cash 18,000 31,000 5,500 75,000 Accumulated Depreciation-Equipment.... Accounts Payable 19,000 11,000 1,000 6,000 92,500 177,500 81,500
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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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