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Cut Above Hair Salon has posted its closing entries and now needs to prepare a post-closing trial balance. Using the following list of account balances
Cut Above Hair Salon has posted its closing entries and now needs to prepare a post-closing trial balance. Using the following list of account balances (not in proper form), what is the correct value of Cut Above's post-closing trial balance? Isha Nielson, Capital $10,000 Notes Payable $3,000 Accounts Receivable 2,650 Equipment 6,650 Prepaid Insurance 770 Wages Payable 1,800 Cash 6,180 Accum. Depr.Equip. 900 Office Supplies 275 Accounts Payable 825 a. $17,350 b. $16,525 c. $17,425 d. $18,325
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