1.What is the total of the debit column of the post-closing trial balance after all 4 closing entries have been journalized and posted? [Hint: add all accounts on the post-closing trial balance with debit balances. 2.After the first closing entry to close revenue accounts has been posted, what is the balance of the Service Revenue account? $

1.What is the total of the debit column of the post-closing trial balance after all 4 closing entries have been journalized and posted? [Hint: add all accounts on the post-closing trial balance with debit balances. 2.After the first closing entry to close revenue accounts has been posted, what is the balance of the Service Revenue account? $

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter5: Completing The Accounting Cycle

Section: Chapter Questions

Problem 7PA: Assume that the first two closing entries have been made and posted. Use the T-accounts provided as...

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