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prepare a post-closing trial balance of December 31, 2018? On January 1, 2018, Austin's Catering Company Common Stock balance was $30,000 and the balance of

prepare a post-closing trial balance of December 31, 2018? image text in transcribed
On January 1, 2018, Austin's Catering Company Common Stock balance was $30,000 and the balance of Retained Earnings was $70,000. During July, 2018, dividends of $28,000 were declared and paid by the business. All of these amounts have already been adjusted (had adjustments made) and are ready to be used to prepare an adjusted trial balance. Accounts Payable $ 10,250 Accounts Receivable 45,950 Cash 15,390 Fees Earned 390,500 Insurance Expense 11,275 Equipment 172,400 Miscellaneous Expense 1,210 Prepaid Insurance 3,000 Rent Expense 29,000 Wages Expense 230,300 Supplies 900 Supplies Expense 7,525 Utilities Expense 12,800 Depreciation Expense 6,500 Wages Payable 15,000 Accumulated Depreciation - Equipment 48,500 On January 1, 2018, Austin's Catering Company Common Stock balance was $30,000 and the balance of Retained Earnings was $70,000. During July, 2018, dividends of $28,000 were declared and paid by the business. All of these amounts have already been adjusted (had adjustments made) and are ready to be used to prepare an adjusted trial balance. Accounts Payable $ 10,250 Accounts Receivable 45,950 Cash 15,390 Fees Earned 390,500 Insurance Expense 11,275 Equipment 172,400 Miscellaneous Expense 1,210 Prepaid Insurance 3,000 Rent Expense 29,000 Wages Expense 230,300 Supplies 900 Supplies Expense 7,525 Utilities Expense 12,800 Depreciation Expense 6,500 Wages Payable 15,000 Accumulated Depreciation - Equipment 48,500

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