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Required information PB 4 - 1 ( Algo ) Preparing a Trial Balance, Closing Journal Entry, and Post - Closing Trial Balance [ LO 4

Required information
PB4-1(Algo) Preparing a Trial Balance, Closing Journal Entry, and Post-Closing Trial Balance [LO 4-3, LO 4-5]
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[The following information applies to the questions displayed below.]
Edwards Corporation operates hair salons under various brand names. The following is a simplified list of accounts and amounts (in millions) reported in the companys accounts for the year ended June 30,2019.
Accounts Payable $ 128
Accounts Receivable 70
Accumulated Amortization 60
Accumulated Depreciation 350
Amortization Expense 3
Cash 110
Common Stock 178
Depreciation Expense 75
Equipment 498
Income Tax Expense 2
Interest Expense 1
Notes Payable (long-term)270
Office Expense 228
Prepaid Rent 73
Rent Expense 312
Retained Earnings 320
Salaries and Wages Expense 493
Salaries and Wages Payable 121
Service Revenue 1,110
Software 385
Supplies 117
Supplies Expense 170
PB4-1(Algo) Part 3
Prepare a post-closing trial balance at June 30,2019.(Enter your answers in millions (i.e.,10,000,000 should be entered as 10).)

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