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Edwards Corporation operates hair salons under various brand names. The following is a simplified list of accounts and amounts (in millions) reported in the company's
Edwards Corporation operates hair salons under various brand names. The following is a simplified list of accounts and amounts (in millions) reported in the company's accounts for the year ended June 30, 2019. Accounts Payable Accounts Receivable Accumulated Amortization Accumulated Depreciation $120 66 56 346 Equipment Amortization Expense Cash Common Stock Depreciation Expense Income Tax Expense Interest Expense Notes Payable (long-term) Office Expense 3 106 166 71 4941 2 1 266 224 Prepaid Rent 69 Rent Expense 308 Retained Earnings 316 Salaries and Wages Expense 489 Salaries and Wages Payable: 117 Service Revenue 1,106) Software 381 Supplies 113 Supplies Expense 166 3. Prepare a post-closing trial balance at June 30, 2019. (Enter your answers in millions (i.e., 10,000,000 should be entered as EDWARDS CORPORATION Post-Closing Trial Balance: (in millions) Account Titles Cash i Debit Credit Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation Software k 3 ces Accumulated Amortization Accounts Payable Salaries and Wages Payable Notes Payable (long-term) Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Rent Expense Office Expense Supplies Expense Depreciation Expense Interest Expense Amortization Expense Income Tax Expense Totals
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