AC 210 Lecture Notes - Lecture 18: Trial Balance, Accounting Information System, General Ledger
5 Jun 2018
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The Post‐Closing Trial Balance
After the closing entries are journalized and posted, only permanent, balance sheet
accounts remain open. A post‐closing trial balance is prepared to check the clerical
accuracy of the closing entries and to prove that the accounting equation is in balance
before the next accounting period begins.
The Greener Landscape Group Post-Closing Trial Balance April 30, 20X2
Account
Debit
Credit
100
Cash
$ 6,355
110
Accounts Receivable
200
140
Supplies
25
145
Prepaid Insurance
1,100
150
Equipment
3,000
151
Accumulated
Depreciation–
Equipment
$ 35
155
Vehicles
15,000
156
Accumulated
Depreciation-Vehicles
200
200
Accounts Payable
50
210
Wages Payable
80
220
Interest Payable
79
250
Unearned Revenue
225
280
Notes Payable
10,000
300
J. Green, Capital
15,011
$25.680
$25,680
Since there are several types of errors that trial balances fail to uncover, each closing
entry must be journalized and posted carefully.
The Accounting Cycle
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