The Trial Balance and Adjusted Trial Balance columns of Owen Cleaning Corporation's work sheet are shown below.(The Adjustments columns have been omitted.)Using this information,prepare the post-closing trial balance for Owen Cleaning Corporation as of June 30,2013.
Definitions:
Specializing Exclusively
Involves focusing production or economic activities on a single area or product to maximize efficiency and expertise.
Recession
A momentary economic deflationary period, seen in reduced levels of trade and manufacturing, commonly characterized by a GDP drop for two sequential quarters.
Efficiently
Achieving maximum productivity with minimum wasted effort or expense, often related to the optimal use of resources.
Economic Growth
An increase in the production of economic goods and services, compared from one period of time to another. It can be measured in nominal or real terms, the latter of which is adjusted for inflation.
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