After closing its accounts at February 28, 2010, Watts Electric Company had the following account balances: Requirement

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After closing its accounts at February 28, 2010, Watts Electric Company had the following account balances:

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Requirement

1. Prepare Watts’ post closing trial balance at February 28, 2010.

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Financial And Managerial Accounting

ISBN: 9780135080191

2nd Edition

Authors: Charles T Horngren, Jr Walter T Harrison

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Question Posted: May 13, 2024 06:02 AM

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After closing its accounts at February 28, 2010, Watts Electric Company had the following account balances: Requirement

Question:

Long-term liabilities Other assets Accounts receivable $ 700 Equipment 1,000 Cash 1,800 Service revenue $ 4,000 400 0 Total expenses 0 Retained earnings 2,400 Accounts payable 900 Supplies 100 Unearned service revenue Common stock 1,300 500 Accumulated depreciation 1,500

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Financial And Managerial Accounting

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