An accountant prepared the following post closing trial balance:
|
Honest Sam’s Repair Co. Post Closing Trial Balance July 31, 2008 |
||
|
|
Debit |
Credit |
|
|
Balances |
Balances |
|
Cash |
12,915 |
|
|
Accounts Receivable |
46,620 |
|
|
Supplies |
|
2,770 |
|
Equipment |
|
88,200 |
|
Accumulated Depreciation—Equipment |
27,970 |
|
|
Accounts Payable |
15,750 |
|
|
Salaries Payable |
|
3,780 |
|
Unearned Rent |
7,560 |
|
|
Samantha Marcus, Capital |
95,445 |
|
|
|
206,260 |
94,750 |
Prepare a corrected post closing trial balance. Assume that all accounts have normal balances and that the amounts shown are correct.