21. The word post means _____, and thus, the Post Closing Trial Balance is prepared _____ closing entries.
22. At the end of the month in March (March 31), if current Capital (capital on the Post Closing Trial Balance) is $11,500 and Net Income is $1,500, then what are the values for the following?
Ending Balance of Revenue -
Ending Balance of Supplies Expense -
Ending Balance of Insurance Expense -
Ending Balance of Drawings -
Balance of Income Summary before it is closed -
Ending Balance of Income Summary -
Balance of Capital before any closing entries -
22. At the end of the month in March (March 31), if current Capital (capital on the Post Closing Trial Balance) is $11,500 and Net Income is $1,500, then what are the values for the following?
Ending Balance of Revenue -
Ending Balance of Supplies Expense -
Ending Balance of Insurance Expense -
Ending Balance of Drawings -
Balance of Income Summary before it is closed -
Ending Balance of Income Summary -
Balance of Capital before any closing entries -
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