Problem - Post - Closing Trial Balance Selected accounts from the general ledger of Western Candle Company as of December 31, 2007, are shown below. Prepare a post-closing trial balance for Western Candle Company.
Cash $23,000
Accounts receivable 7,800
Supplies 900
Prepaid insurance 1,750
Building 30,500
Accumulated depreciation-building 3,500
Office equipment 20,000
Accumulated depreciation-office equipment 4,500
Accounts payable 6,450
Unearned service revenue 3,500
Salary payable 2,900
Common stock 39,000
Retained earnings 9,800
Dividends 2,000
Service revenue 30,400
Depreciation expense-building 700
Depreciation expense-office equipment 400
Insurance expense 250
Supplies expense 300
Utilities expense 2,600
Salary expense 9,850