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An accountant prepared the following post-closing trial balance: Security Services Co. POST-CLOSING TRIAL BALANCE July 31, 2018 ACCOUNT TITLE DEBIT CREDIT 1 Cash 47,140.00
An accountant prepared the following post-closing trial balance: Security Services Co. POST-CLOSING TRIAL BALANCE July 31, 2018 ACCOUNT TITLE DEBIT CREDIT 1 Cash 47,140.00 2 Accounts Receivable 122,780.00 3 Supplies 3,700.00 4 Equipment 127,200.00 5 Accumulated Depreciation-Equipment 32,400.00 6 Accounts Payable 51,700.00 7 Salaries Payable 6,400.00 8 Unearned Rent 8,800.00 9 Common Stock 40,000.00 10 Retained Earnings 161,520.00 11 Totals 464,340.00 137,300.00 Prepare a corrected post-closing trial balance. Assume that all accounts have normal balances and that the amounts shown in the instructions are correct. Security Services Co. POST-CLOSING TRIAL BALANCE July 31, 2018 ACCOUNT TITLE 1 Cash 2 Accounts Receivable 3 Supplies 4 Equipment 5 Accumulated Depreciation-Equipment 6 Accounts Payable 7 Salaries Payable 8 Unearned Rent 9 Common Stock 10 Retained Earnings 11 Totals DEBIT CREDIT
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