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Prepare a post-closing trial balance. The trial balance of Concord Corporation contained the following accounts at November 30 , the end of the company's fiscal

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Prepare a post-closing trial balance. The trial balance of Concord Corporation contained the following accounts at November 30 , the end of the company's fiscal year. Concord adjusts its accounts annually and uses the perpetual imventory system. Adjustment data: 1. Supplies on hand totaled $2,000 2. Deprecistion is $11,500 on the equipment. 3. Interest of $5,000 is acerued on notes payable at November 30 . 4. Inventory actually on hand is $42.800. Prepare a post-closing trial balance. The trial balance of Concord Corporation contained the following accounts at November 30 , the end of the company's fiscal year. Concord adjusts its accounts annually and uses the perpetual imventory system. Adjustment data: 1. Supplies on hand totaled $2,000 2. Deprecistion is $11,500 on the equipment. 3. Interest of $5,000 is acerued on notes payable at November 30 . 4. Inventory actually on hand is $42.800

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