Requirement #10: Prepare a post-closing trial balance as of March 31 in the space below.
Bethany’s Bicycle CorporationPost-Closing Trial BalanceMarch 31
AccountAccountBalance
Number TitleDebitCredit
111Cash        18,060
117Prepaid Insurance         2,200
119Repair Supplies            200
144Repair Equipment         5,800
145Accumulated Depreciation – Repair Equipment              120
212Accounts Payable            5,050
213Income Tax Payable                65
311Common Stock          20,000
312Retained Earnings            1,025
26,260         26,260
 


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