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How do I construct a post-closing trial balance with these figures? then... What changes occurred in total assets, liabilities, and the owners ending capital? What
How do I construct a post-closing trial balance with these figures?
then...
What changes occurred in total assets, liabilities, and the owners ending capital?
What changes occurred in the Cash and Accounts Receivable accounts?
Has there been an improvement in the firms financial position? Why or why not?
Eli's Consulting Services Postclosing Trial Balance December 31, 2019 ACCOUNT NAME DEBIT CREDIT Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation-Equipment Accounts Pavable Trayton Eli, Capital Totals 11135 0 00 5000 00 1000 00 4000 00 1100 0 00 183 00 35 00 00 128 66 7 00 132 3 5 0 00 1323 5 0 00Step by Step Solution
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