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Preparation of Balance Sheet Dooley Company's December 31 post-closing trial balance contains the following normal balances: Cash Accounts payable Building Long-term notes payable Common stock

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Preparation of Balance Sheet Dooley Company's December 31 post-closing trial balance contains the following normal balances: Cash Accounts payable Building Long-term notes payable Common stock Retained earnings $11,000 20,000 439,500 785,000 900,000 75,000 Accumulated depreciation-Equipment 180,000 834,500 22,500 Accumulated depreciation-Building 135.00 6,000 120,000 131,000 206,000 600,000 1,500 Land Accounts receivable Wages payable Patent (net of amortization) Notes payable (short term) Inventony Equipment Allowance for doubtful accounts

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