Post-Closing Trial Balance
All right, so I have a project that is quite lengthy which involves doing the journal entries, adjusting entries, the work sheets, the trial balances, the balance sheets, and much more Anyway, my question is this: the adjusted trial balance has both debits and credits equal and looks to be correct. However, when I do my post-closing trial balance I need to add the retained earning which I found out in the closing entries part of the project. When I add the retained earnings, though, the credits outweigh the debit and there is no longer a balance. (The difference obviously is the retained earnings) Is it suppose to be like this? Or am I doing something wrong?