I’m struggling with both trial balance and post close trial balance. From my understanding the post trial balance should include all items that would show on the balance sheet right? It would show total assets and total liabilities right? The assets and expenses would be under debit and liabilities, equity and revenue would be under credit, right? So if that’s the case, wouldn’t it all balance out because mines is not balancing. On the debit side I have: accounts receivable, accumulated depreciation-equipment, cash, equipment, merchandise inventory, prepaid insurance, depreciation expense, cost of merchandise sold, general expense, interest expenses, salary expense, selling expense, common stock, On the credit side I have: accounts payable, salaries payable, interest revenue & sales. Because it’s not balancing I’m guessing that I am including something I should not be. And the post-close trial balance should not include items that would show on my income statement account because those accounts are temporary. Is that true?

From what you have said look at the following -

You state that you have common stock as a debit balance. It should have a credit balance.

You are not showing any retained earnings which normally has a credit balance.

Hope this helps.

Should it balance out? Should my credits be equal to my debits?

Yes, debits should equal credits. Also a post closing trial balance should only have balance sheet accounts as the revenues and expenses should be closed.

Not this type answer OK numerical type question

What is your question?