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The January 1, 2022 trial balance of Glenside Distribution Corporation is shown below: PART 1: Post the opening trial balance to the correct general ledger
The January 1, 2022 trial balance of Glenside Distribution Corporation is shown below: PART 1: Post the opening trial balance to the correct general ledger account. Glenside Manufacturing Corporation Trial Balance As of January 1, 2022 ACCOUNT NAME Cash Accounts Receivables Prepaid Insurance Inventory Accounts Payables Notes Payable - First Cleveland Bank Short Term Notes Payables - First Cleveland Bank Long Term Retained Earnings Common Stock TOTAL DR. $80,000 $350,000 $20,000 $550,000 CR. $64,000 $36,000 $400,000 $300,000 $200,000 $1,000,000 $1,000,000 PART 2: Prepare journal entries based on the transaction description and post the journal
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