Lewiston Company reports the following trial balance: Required:
a) Draw T-accounts for Retained Earnings and all accounts to be closed. Post the account balances before closing and then the closing entries to the T-accounts.
b) Prepare a post-closing Trial Balance after the closing entries.

Question

Lewiston Company reports the following trial balance:  Required:
a) Draw T-accounts for Retained Earnings and all accounts to be closed. Post the account balances before closing and then the closing entries to the T-accounts.
b) Prepare a post-closing Trial Balance after the closing entries.

Quizplus · Accepted Answer

The Answer of Lewiston Company reports the following trial balance:  Required:
a) Draw T-accounts for Retained Earnings and all accounts to be closed. Post the account balances before closing and then the closing entries to the T-accounts.
b) Prepare a post-closing Trial Balance after the closing entries.

Lewiston Company Reports the Following Trial Balance: Required