26 Prepare a Post-Closing Trial Balance

The 9th, and typically last, step of the procedure is to prepare a post-cshedding trial balance. The word “post” in this instance implies “after.” You are preparing a trial balance after the cshedding entries are complete.

You are watching: Identify which of the following accounts would be included in a post-closing trial balance.

Like all trial balances, the post-closing trial balance has actually the job of verifying that the delittle bit and also credit totals are equal. The post-closing trial balance has actually one extra project that the other trial balances do not have actually. The post-closing trial balance is likewise supplied to double-inspect that the just accounts via balances after the cshedding entries are long-term accounts. If tbelow are any type of temporary accounts on this trial balance, you would recognize that there was an error in the cshedding process. This error have to be solved prior to beginning the new duration.

The process of preparing the post-cshedding trial balance is the very same as you have done once preparing the unadjusted trial balance and also readjusted trial balance. Only irreversible account balances should show up on the post-closing trial balance. These balances in post-cshedding T-accounts are transferred over to either the delittle bit or crmodify column on the post-closing trial balance. When all accounts have been taped, total each column and also verify the columns equal each other.

The post-cshedding trial balance for Printing Plus is shown in (Figure).


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(Figure)Identify which of the following accounts would be listed on the company’s Post-Closing Trial Balance.

Accounts ReceivableAccumulated DepreciationCashOffice ExpenseKeep in mind PayableRent RevenueRetained EarningsUnearned Rent Revenue

(Figure)Identify which of the adhering to accounts would not be provided on the company’s Post-Closing Trial Balance.

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(Figure)The following Post-Closing Trial Balance includes errors. Prepare a corrected Post-Cshedding Trial Balance:

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(Figure)Assuming the adhering to Adjusted Trial Balance, develop the Post-Closing Trial Balance that would result after all closing journal entries were made and posted:

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(Figure)Assuming the following Adjusted Trial Balance, re-create the Post-Closing Trial Balance that would certainly result after all closing journal entries were made and also posted:

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