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Direction: From the adjusted trial balance shown below, prepare a post-closing trial balance for the year ended December 31, 2020. JOHN BULLET COMPANY Adjusted Trial

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Direction: From the adjusted trial balance shown below, prepare a post-closing trial balance for the year ended December 31, 2020. JOHN BULLET COMPANY Adjusted Trial Balance As of December 31, 2013 Credit Debit 31,000 83,000 627,000 54,000 68,000 370,000 50,000 58,000 517,000 Account Titles Cash Accounts receivable Merchandise inventory Prepaid Insurance Office supplies Office equipment Accumulated depreciation Accounts payble Bullet, Capital Bullet, Withdrawal Sales Sales returns & allowances Sales discounts Purchases Purchase returns & Allowances Purchases discounts Transportation in Salaries expense Advertising expense Rent expense 87,000 2,675,000 26,000 23,000 1,512,000 14,000 19,000 38,000 327,000 61,000 26,000 Total 3,333,000 3,333,000

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