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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, 2016. 196 ca Accounts Payable Accounts Receivable Accumulated Amortization Accumulated Depreciation Amortization Expense Cash Common Stock Depreciation Expense Equipment Income Tax Expense Interest Expense Inventories Notes Payable (long-term) Office Expenses Prepaid Rent Rent Expense Retained Earnings Salaries and Wages Expense Salaries and Wages Payable Service Revenue Software Supplies Expense 760 1.371 3. Prepare o post-closing trial balance at June 30, 2016. (Enter your answers in millions (ie., 10,000,000 should be entered as 10).) 3. Prepare a post-closing trial balance at June 30, 2016. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) EDWARDS CORPORATION Post Closing Trial Balance (in millions) Debit Credit Account Titles Cash Accounts Receivable Inventories Prepaid Rent Equipment Accumulated Depreciation Software 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 Expenses Supplies Expense Depreciation Expense Interest Expense Amortization Expense Income Tax Expense Totals
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