26 Prepare a Post-Cshedding Trial Balance

The ninth, and also typically last, action of the procedure is to prepare a post-closing trial balance. The word “post” in this instance suggests “after.” You are preparing a trial balance after the closing entries are complete.

You are watching: Which of the following accounts would not appear in the post-closing trial balance?

Like all trial balances, the post-cshedding trial balance has actually the job of verifying that the delittle bit and also crmodify totals are equal. The post-cshedding trial balance has actually one added task that the other trial balances do not have actually. The post-cshedding trial balance is likewise used to double-inspect that the only accounts through balances after the closing entries are permanent accounts. If there are any kind of temporary accounts on this trial balance, you would recognize that there was an error in the closing procedure. This error need to be addressed prior to founding the new period.

The process of preparing the post-cshedding trial balance is the same as you have actually done when preparing the unadjusted trial balance and also changed trial balance. Only irreversible account balances must appear on the post-cshedding trial balance. These balances in post-cshedding T-accounts are moved over to either the delittle or credit column on the post-cshedding trial balance. When all accounts have actually been taped, full each column and verify the columns equal each other.

The post-closing trial balance for Printing Plus is displayed in (Figure).


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

Accounts ReceivableAccumulated DepreciationCashOffice ExpenseNote PayableRent RevenueRetained EarningsUnearned Rent Revenue

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

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(Figure)The adhering to Post-Closing Trial Balance has errors. Prepare a corrected Post-Closing Trial Balance:

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

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

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Principles of Accounting, Volume 1: Financial Accounting by OSCRiceCollege is licensed under a Creative Commons Attribution-NonCommercial-ShareAchoose 4.0 Internationwide License, other than where otherwise listed.