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The Adjusted Trial Balance section of the worksheet for Van Zant Janitorial Supplies follows. The owner made no additional investments during the year. Accounts Debit

The Adjusted Trial Balance section of the worksheet for Van Zant Janitorial Supplies follows. The owner made no additional investments during the year.

Accounts Debit Credit
Cash $ 19,100
Accounts Receivable 60,300
Allowance for Doubtful Accounts $ 170
Merchandise Inventory 186,700
Supplies 7,190
Prepaid Insurance 3,110
Equipment 51,500
Accumulated DepreciationEquipment 18,300
Accounts Payable 9,200
Social Security Tax Payable 1,440
Medicare Tax Payable 360
Steven Van Zant, Capital 279,540
Steven Van Zant, Drawing 74,500
Income Summary 180,500 186,700
Sales 775,500
Sales Returns and Allowances 14,900
Purchases 487,400
Freight In 5,900
Purchases Returns and Allowances 9,000
Purchases Discounts 5,800
Rent Expense 34,300
Telephone Expense 6,290
Salaries Expense 123,640
Payroll Taxes Expense 12,200
Supplies Expense 7,100
Insurance Expense 1,610
Depreciation ExpenseEquipment 8,600
Uncollectible Accounts Expense 1,170
Totals $ 1,286,010 $ 1,286,010

Prepare a postclosing trial balance for the firm on December 31, 2019.

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