Manual Accounting Practice Set: Tech Head Post-Closing Trial Balance

This document presents a completed post-closing trial balance for Tech Head, Australasian Edition 3, as of June 30, 2018. It showcases the final check after closing entries have been journalized and posted, ensuring the accuracy of the accounting records. The trial balance includes a list of accounts with their respective debit and credit balances, such as Cash at Bank, Accounts Receivable Control, Inventory, and Share Capital, among others. The total debits and credits are verified to be equal, confirming the balance of the accounting equation. This resource is helpful for students studying manual accounting and can be found with other solved assignments on Desklib.

6/6/2018 Post-closing trial balance
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Manual Accounting Practice Set
Tech Head, Australasian Edition 3
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Now that the closing entries have been journalised and posted, you are required to prepare a post-closing trial balance.
This trial balance is prepared as a final check that closing entries have been journalised and posted correctly.
Instructions for post-closing trial balance
Using the general ledger, create a post-closing trial balance as at the end of June.
Remember to enter all answers to the nearest whole dollar.
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(Q=960.Post closing trial balance)
Tech Head
Post-closing Trial Balance
30 June 2018
Account No. Name Debit
($)
Credit
($)
100 Cash at Bank 96953 0

6/6/2018 Post-closing trial balance
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110 ARC - Accounts Receivable Control 230736 0
120 Inventory 110096 0
130 Office Supplies 624 0
140 Prepaid Rent 4300 0
141 Prepaid Advertising 10000 0
142 Prepaid Insurance 3720 0
150 Cash Registers 8000 0
151 Accum Depn: Cash Registers 0 2500
160 Store Fixtures 45000 0
161 Accum Depn: Store Fixtures 0 13361
210 APC - Accounts Payable Control 0 81848
220 Wages Payable 0 11340
221 Electricity Payable 0 287
222 Water Payable 0 237
225 Interest Payable 0 470
250 Bank Loan Payable 0 47000
300 Share Capital 0 60000
301 Retained Earnings 0 292386
Total 509429 509429
Feedback
Tech Head
Post-closing Trial Balance
30 June 2018
Account No. Name Debit
($)
Credit
($)
100 Cash at Bank 96,953
110 ARC - Accounts Receivable Control 230,736
120 Inventory 110,096
130 Office Supplies 624
140 Prepaid Rent 4,300
141 Prepaid Advertising 10,000
142 Prepaid Insurance 3,720
150 Cash Registers 8,000
151 Accum Depn: Cash Registers 2,500
160 Store Fixtures 45,000
161 Accum Depn: Store Fixtures 13,361
210 APC - Accounts Payable Control 81,848

6/6/2018 Post-closing trial balance
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220 Wages Payable 11,340
221 Electricity Payable 287
222 Water Payable 237
225 Interest Payable 470
250 Bank Loan Payable 47,000
300 Share Capital 60,000
301 Retained Earnings 292,386
Total 509,429 509,429
Manual Accounting Practice Set
Tech Head, Australasian Edition 3 (VSA3q)
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