d Cash e Dividends f Depreciation Expense i Salaries Expense

d. Cash e. Dividends f. Depreciation Expense i. Salaries Expense i. Salaries Payable k. Supplies Correct column tals $129,500 EX 4-19 Post-closing trial balance An accountant prepared the following post-closing trial balance Gypsy Treasures Co. Post-Closing Trial Balance Debit Credit Balances Balances Cash 18,000 31,000 5,500 75,000 Accounts Payable 19,000 11,000 yable 1,000 13,500 79,000 98,500 160,500

Solution

The following is the corrected trail balance:

Assets have debit balance and liabilities have credit balance.

Account	debit	credit
Cash	18,000
Accounts receivable	31,000
Supplies	5,500
Equipment	75,000
Accumulated depreciation		19,000
Accounts payable		11,000
Salaries payable		1,000
Unearned rent		6,000
Capital stock		13,500
Retained earnings		79,000
	129,500	129,500