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fomenos
1 year ago
14

The trial balance prepared after all closing entries have been journalized and posted is called the?

Business
1 answer:
valina [46]1 year ago
5 0

The trial balance prepared after all closing entries have been journalized and posted is called the <u>Post-closing trial balance</u>

<u></u>

A balance sheet or an income statement are frequently mistaken for a trial balance. Trial Balance is an internal report that is created at the conclusion of each accounting period, typically in the form of a spreadsheet. A trial balance is primarily used to check the accuracy of the general ledger's list of credit and debit entries.

A trial balance is an essential tool for company. When utilized properly, it can result in the identification of accounting problems, the evaluation of earnings, and support for a company's internal auditing procedure. All of the accounts in a general ledger are listed in a trial balance.

To know more about trial balance

brainly.com/question/13186909

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32,000

8000

see below

.16

see below

Explanation:

I'm not really sure what the schedule is supposed to look like (im not good at accounting) exactly but i whipped up something real quick in excel and if you have any questions ask

the depreciable cost is just cost-salvage (the amount that's going to be depreciated) so for us its 34000-2000 or 32,000

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see my attempt at a depreciation schedule below

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and you can see below my attempt at the units of production schedule

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