From the following accounts, prepare in proper form a post-closing trial balance for Logan's Pet Sitting on December 31. (Note: These balances are before closing).
Definitions:
Liable
Being legally responsible for something, typically a debt or a legal obligation.
Constructive Notice
Notice of agency termination that is usually given by publishing an announcement in a newspaper.
Agency Relationship
An agency relationship exists when one party, the agent, is authorized to act on behalf of another, the principal, in business transactions with third parties.
Terminated
Terminated means bringing something to an end or conclusion, often referring to the cessation of employment or the conclusion of agreements.
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