Prepare a post closing trial balance in the following format.

Davis Consulting, Inc. Balance Sheet February 28, 20x2 Assets: $ 679,028.00 $ 3,800.00 225.00 Current Assets Cash Accounts Receivable Less: Allowance for Bad Debts Office Supplies Software Inventory Prepaid rent Total Current Assets 3,575.00 125.00 1,035.00 1.425.00 $ 685,188.00 2,465.00 Property, Plant & Equipment: Equipment Accumulated depreciation equipment Furniture Accumulated depreciation furniture Total Property, Plant & Equipment TOTAL ASSETS 2,700.00 235.00 3,900.00 161.25 3738 75 $ 6,203.75 $ 691,391.75 Liabilities: S Current Liabilities Accounts Payable Salaries Payable Interest payable Unearned Revenue Current portion L-TNP Total Current Liabilities 2,640.00 587.14 2,500.00 55,000.00 $ 60,727.14 245.000.00 $ 305,727.14 $ 240,000.00 60,000.00 2 Long-term Liabilities: Notes payable Total Liabilities Stockholders' Equity 7 Paid-in Capital 3 Preferred Stock-$80 par value, 10,000 shares authorized, 9 3,000 shared issued and outstanding) Paid-in capital in excess of par Preferred 1 Common Stock - $1 par value, 100,000 shares authorised, 2 40,000 shares issued and outstanding, 3 Paid-in capital in excess of par-Common 4 Total Paid-In Capital 5 Retained earnings 6 Total Stockholders' Equity 7 8 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 9 40,000.00 29,599.28 369,599.28 16,053.33 385,652.61 $ 691,379.75 Davis Consulting Post-Closing Trial Balance February 28, 20x2 Acct. # Balance Account Title Debit Credit 100 Cash 110 Accounts Receivable 111 Allowance for Bad Debts 120 Office Supplies 130 Software Inventory 140 Prepaid Rent 150 Equipment 151 Accu. Depr.-Equipment 155 Furniture 156 Accu. Depr.-Furniture 200 Accounts Payable 205 Salaries Payable 210 Interest payable 215 Unearned Revenue 225 Current portion L-TNP 250 Long-term Notes payable 300 Davis, Capital 305 Davis, Withdrawals 310 Common stock 311 APIC-CS 315 Preferred Stock 316 APIC-PS 320 Retained Earnings $ $