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Prepare a post-closing trial balance at March 31. Balance Sheet March 31, 2017 Assets Current Assets Cash 7950 Accounts Receivable 7030 300 Supplies Prepaid Rent
Prepare a post-closing trial balance at March 31.
Balance Sheet March 31, 2017 Assets Current Assets Cash 7950 Accounts Receivable 7030 300 Supplies Prepaid Rent Prepaid Insurance 1000 2250 Total Current Assets 18530 Property, Plant and Equipment Equipment 8600 Less 270 8330 Accumulated Depreciation-Equipment 26860 26860 Total Assets Liabilities and Stockholders' Equity Current Liabilities 1620 Accounts Payable Notes Payable Interest Payable Salaries and Wages Payable 6600 1170 Total Current Liabilities 9423 Stockholders' Equity Common Stock 16200 Retained Earnings 1237 Total Stockholders' Equity 17437 Total Liabilities and Stockholders' Equity # 26860 SHEFFIELD CLEANERS Post-Closing Trial Balance March 31, 2017 Debit Credit
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