Reference no: EM132473733
Blossom Company ended its fiscal year on July 31, 2020. The company's adjusted trial balance as of the end of its fiscal year is as follows.
Blossom Company
Adjusted Trial Balance
July 31, 2020
No. Account Titles Debit Credit
101 Cash $10,800
112 Accounts Receivable 9,200
157 Equipment 16,000
158 Accumulated Depreciation-Equip. $7,800
201 Accounts Payable 4,500
208 Unearned Rent Revenue 1,800
301 Owner's Capital 45,000
306 Owner's Drawings 15,700
400 Service Revenue 63,800
429 Rent Revenue 6,600
711 Depreciation Expense 7,000
726 Salaries and Wages Expense 56,000
732 Utilities Expense 14,800
Total: $129,500 $129,500
Question 1: How do I Prepare post-closing trial balance at July 31?
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How do prepare post-closing trial balance at july
: How do Prepare post-closing trial balance at July 31? Blossom Company ended its fiscal year on July 31, 2020. The company's adjusted trial balance
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How will you set aside the appropriate amount of time
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Calculate the depreciation tax shield for project
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