The Following Is the Adjusted Trial Balance for Miller Company $\quad$

question 138

Essay

The following is the adjusted trial balance for Miller Company.
$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\text { Miller Company }$
$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\text { Adjusted Trial Balance }$
$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\text { December } 31$

$\begin{array}{l}\begin{array}{|l}\hline \text { Cash} \\\hline \text {Accounts Receivable} \\\hline \text {Prepaid Expenses} \\\hline \text {Equipment} \\\hline \text {Accumulated Depreciation} \\\hline \text {Accounts Payable} \\\hline \text {Notes Payable} \\\hline \text {Common Stock} \\\hline \text {Retained Earnings} \\\hline \text {Dividends} \\\hline \text {Fees Earned} \\\hline \text {Wages Expense} \\\hline \text {Rent Expense} \\\hline \text {Utilities Expense} \\\hline \text {Depreciation Expense} \\\hline \text {Miscellaneous Expense} \\\hline \text {Totals} \\\hline\end{array}\begin{array}{|l|l|}\hline 8,130 \\\hline 3,300 \\\hline 2,750 \\\hline 10,400 \\\hline &2,200 \\\hline &2,700 \\\hline &1,000 \\\hline & 9,200 \\\hline &2,000 \\\hline 4,870\\\hline & 36,600\\\hline 12,450 \\\hline 4,900 \\\hline 3,475 \\\hline 2,150 \\\hline 1,275 \\\hline \underline {53,700}&\underline {53,700} \\\hline\end{array}\end{array}$
Prepare closing entries and the post-closing trial balance.

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Definitions:

American Depository Receipts

Securities that represent shares in foreign public companies and are traded on U.S. stock exchanges, allowing investors to invest in overseas stocks more easily.

World Equity Benchmark Shares

Exchange-traded funds that aim to provide investment results that, before fees and expenses, correspond to the price and yield performance of specific international equity indexes.

ADRs

American Depositary Receipts, a way for investors to own shares in foreign companies, where the shares are held by a US financial institution overseas and traded on American exchanges.