From the Following Accounts, Prepare in Proper Form a Post-Closing

question 107

Essay

From the following accounts, prepare in proper form a post-closing trial balance for Everett Company on December 31, 2021.
$$\begin{array} { l r } \text { Accounts Receivable } & \$ 4,600 \\\text { Accounts Payable } & 2,290 \\\text { Cash } & 7,450 \\\text { Salaries Payable } & 1,660 \\\text { Supplies } & 500 \\\text { Prepaid Insurance } & 1,200 \\\text { Everett, Capital } & 9,800\end{array}$$

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Definitions:

Large Businesses

Entities that operate on a large scale, typically characterized by significant employee numbers, vast operational reach, and substantial revenue streams.

Minimum Wage

The lowest legal hourly pay rate that employers can pay to workers, established by government law or regulation.

Executive Workers

Individuals who hold high-ranking positions within an organization, overseeing its management and making major decisions concerning its operation.

Sexual Harassment

Unwanted or inappropriate sexual advances, requests for sexual favors, and other verbal or physical behavior of a sexual nature, which can create a hostile work environment.