BECA Convenience Store LTD. Post-Closing Trial Balance December 31, 2020
		Debit		Credit
Cash		$20573
Accounts receivable		125188
Allowance for doubtful accounts				$4998
Inventory		68901
Estimated inventory returns		1071
Prepaid insurance		13090
Equipment		202300
Accumulated depreciation				88655
Accounts payable				47600
income tax payable				4760
employee income tax payable				8568
CPP payable				4856
EI payable				1850
Refund Liability				2618
Notes payable (due 2023)				142,800
Common shares				71400
Retained earnings				39,032
sales				119000

cost of goods sold 34748

salaries expense 47600

employee benefit expense 3507

bad debt expense 1428

rent expense 10710

insurance expense 1190

deprecation expense 2975

gain on disposal 2380

interest expense 476

income tax expense 4760

Prepare a statement of financial position at Jan 31, 2021