The year-end adjusted trial balance included the following account balances: Cash,$5,000; Equipment,$25,000; Accounts payable,$7,000; Common stock,$15,000; Retained earnings,$6,000; Dividends,$1,000; Service revenue,$18,000; Salaries expense,$9,000; and Utilities expense,$6,000.Prepare the post-closing trial balance.
Definitions:
Sustainable Development
Development that meets the needs of the present without compromising the ability of future generations to meet their own needs, typically focusing on balancing environmental, economic, and social welfare considerations.
Stakeholders
Individuals or groups that have an interest or stake in the outcomes of a project, decision, or organization.
Corporate Social Responsibility
A business model that helps a company be socially accountable—to itself, its stakeholders, and the public. By practicing CSR, companies can be conscious of the kind of impact they are having on all aspects of society, including economic, social, and environmental.
Legal Requirements
The obligations or standards that are legally enforced, which an individual or organization must follow to comply with the law.
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