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The following is a December 31, 2021, post-closing trial balance for the Jackson Corporation. 12 Account Title Cash Accounts receivable Inventory Prepaid rent (for the
The following is a December 31, 2021, post-closing trial balance for the Jackson Corporation. 12 Account Title Cash Accounts receivable Inventory Prepaid rent (for the next 8 months) Investment in equity securities (short term) Machinery Accumulated depreciation Patent (net) Accounts payable Salaries payable Income taxes payable Bonds payable (due in 10 years) Common stock Retained earnings Totals Debits Credits $ 50,000 44,000 85,000 26,000 20,000 195,000 $ 21,000 89,000 13,000 9,000 42,000 240,000 130,000 54,000 $509,000 $509,000 AVCmor, VT Assets Current assets: 0 Total current assets Property, plant, and equipment: 0 Net property, plant, and equipment Intangible assets: $ 0 Total assets Liabilities and Shareholders' Equity Current liabilities: 0 Total current liabilities Long-term liabilities: 0 Total liabilities Shareholders' equity: Total shareholders' equity Total liabilities and shareholders' equity 0 $ 0
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