After closing its accounts at October 31, 2013, Simmons Realty, Inc. had the following account balances: Notes

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After closing its accounts at October 31, 2013, Simmons Realty, Inc. had the following account balances:

Notes Payable ......... $2,000

Prepaid Rent .......... 975

Accounts Receivable..... 2,450

Prepaid Insurance ..... 1,300

Accounts Payable ..... 300

Equipment ......... 1,800

Cash............. $1,850

Service Revenue ..... 0

Retained Earnings ..... 1,075

Common Shares..... 5,000

Salary Expense..... 0

Prepare Simmons Realty’s post-closing trial balance at October 31, 2013. List accounts in proper order.

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Financial Accounting

ISBN: 978-0132889711

1st Canadian Edition

Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper

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Question Posted: Jul 08, 2015 02:12 AM

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After closing its accounts at October 31, 2013, Simmons Realty, Inc. had the following account balances: Notes

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Financial Accounting

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