Brief Exercise 3-20 Prepare a post-closing trial balance (LO3-7) The year-end adjusted trial balance of Hilltoppers Corporation included the following account balances: Cash, $5,000; Equipment, $17,000; Accounts Payable, $3,000; Common Stock, $11,000; Retained Earnings, $8,100; Dividends, $1,100; Service Revenue, $16,000; Salaries Expense, $11,000; and Utilities Expense, $4,000. Prepare the post-closing trial balance. Answer is complete but not entirely correct. HILLTOPPERS CORPORATION Post-Closing Trial Balance Accounts Cash Equipment Accounts Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Utilities Expense Totals $ Debit 5,000 17,000 1,100 X $ $ Credit 3,000 11,000 8,100 16,000 11,000 x 4,000 $ 38,100 $ 38,100