Question

CASH	14,000
A/R	2,200
PPD RENT	6,300
INVEN	8,500
STORE SUP	2,500
OFC SUP	1,700
STORE EQP	20,000
A/D - STORE EQP		2,000
OFC EQP	26,000
A/D - OFC EQP		2,600
A/P		900
SALARIES PAY		600
TAXES PAY		700
N/P		1,400
CAPITAL		30,000
W/D	5,000
SALES		191,000
SALES DISC	1,400
SALES RET	1,800
C/G/S	122,650
FRT IN	2,150
FRT OUT	1,600
ADV EXP	1,700
STORE RENT EXP	2,400
STORE SUP EXP	1,300
DEPREC EXP-ST EQP	2,000
OFC RENT EXP	1,600
OFC SUP EXP	1,800
DEPREC EXP-OFC EQP	2,600
NI 48,000, TA 76,600	229,200	229,200

This is the Adjusted Trial Balance. What goes into the post closing trial balance?

Answer 1

Temporary accounts are closed and only permanent accounts appear in post closing trial balance

POST CLOSING TRIAL BALANCE

ACCOUNT TITLES	DEBIT	CREDIT
CASH	14000
A/R	2200
PPD RENT	6300
INVEN	8500
STORE SUP	2500
OFC SUP	1700
STORE EQP	20000
A/D - STORE EQP		2000
OFC EQP	26000
A/D - OFC EQP		2600
A/P		900
SALARIES PAY		600
TAXES PAY		700
N/P		1400
CAPITAL		73000
W/D
SALES
SALES DISC
SALES RET
C/G/S
FRT IN
FRT OUT
ADV EXP
STORE RENT EXP
STORE SUP EXP
DEPREC EXP-ST EQP
OFC RENT EXP
OFC SUP EXP
DEPREC EXP-OFC EQP
TOTALS	81200	81200