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After closing its accounts at July 31, 2012, Goodrow Electric Company

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S4-8 Preparing a post-closing trial balance [10 min]
After closing its accounts at July 31, 2012, Goodrow Electric Company had the following
account balances:

Long-term liabilities $ 800
Equipment $ 4,500
Land 1,200
Cash 100
Accounts receivable 1,600
Service revenue 0
Total expenses 0
Goodrow, capital 3,000
Accounts payable 1,100
Supplies 200
Unearned service revenue 1,400
Accumulated depreciation 1,300
Goodrow, drawing 0

Requirement
1. Prepare Goodrow’s post-closing trial balance at July 31, 2012.

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