college accounting 22 e Exercise 155A Concluded 2 Gimbels Gi

Exercise 15-5A (Concluded) 2. Gimbel\'s Gifts and Gadgets Post-Closing Trial Balance December 31, 20-1 Cash Accounts Receivable Merchandise Inventory Supplies Prepaid Insurance Building Accum. Depr.-Building Accounts Payable | Wages Payable Sales Tax Payable J. M. Gimbel, Capital 112|613)4100 Don\'t forget to update the capital account before preparing the post-closing trial balance. J. M. Gimbel, Capital (Net income) (Drawing) Ending capital

Solution

Gimbel\'s Gifts and Gadgets

Trail Balance

DEC31, 20--

Account Name	Debit Amount	Credit Amount
Cash	XXX
Account Recevable	XXX
Supplies	XXX
Prepaid Insurance	XXX
Building	XXX
Accum Dep- Building		XXX
Account Payable		XXX
Wages Payable		XXX
Sales Tax Payable		XXX
JM Gimbhal, Capital		XXX
Total	XXX	XXX