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Please provide post closing trial balance using the given ajusted trial balance. the beginning trial balance for the same year is given. adjusted TB: Beginning
Please provide post closing trial balance using the given ajusted trial balance.
Beginning Trial Balance \begin{tabular}{|l|r|r|} \hline Cash & 920000 & \\ \hline Equipment & 350000 & \\ \hline Common Stock & & 620000 \\ \hline APIC-Common Stock & & 650000 \\ \hline Totals & 1270000 & 1270000 \\ \hline \end{tabular} \begin{tabular}{|l|r|r|} \hline Accounts & & \multicolumn{1}{|c|}{ Cr } \\ \hline Cash & $1,549,975 & \\ \hline Accounts Receivable & $350,000 & \\ \hline Equipment & & $175,000 \\ \hline Accumulated Depreciation-Equipment & & $620,000 \\ \hline Common Stock & & $650,000 \\ \hline APIC-Common Stok & $162,372 & \\ \hline Dividends & & $1,549,975 \\ \hline Sales Revenue & $619,990 & \\ \hline Cost of Goods Sold & & $619,990 \\ \hline Inventory & $280,000 & \\ \hline Payroll Expense & $21,420 & \\ \hline Payroll Tax Expense & $5,600 & \\ \hline Staff Training Expense & $120,000 & \\ \hline Rent Expense & $50,000 & \\ \hline Insurance Expense & $50,000 & \\ \hline Marketing Expense & $25,000 & \\ \hline Utilities Expense & $40,593 & \\ \hline Income Tax Expense & $175,000 & \\ \hline Depreciation Expense & 4,369,950 & 4,369,950 \\ \hline Totals & & \\ \hline \end{tabular} the beginning trial balance for the same year is given.
adjusted TB:
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