Reference no: EM131779012

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