[Zinder]

I am Having a bit of trouble trying to get my Postclosing Trial Balance to come out right here is my problem any help would be great Please if you can give me a brake down of how you did it so I can see my mistakes thank you here's my balance sheet




ASSETS

Current Assets
Cash 30,843.00
Accounts Receivable 2,700.00
Prepaid Rent 2,700.00
Prepaid Insurance 2,200.00
Photographic Supplies 315.00
Office Supplies 125.00

Total Current Assets 38,883.00

Property and Equipment
Land 7,500.00
Photographic Equipment 52,900.00
Accumulated Dep- Photo Equip (400.00)
Office Equipment 29,000.00
Accumulated Dep- Office Equip (250.00)
Vehicle 12,500.00
Accumulated Dep-- Vehicle (500.00)

Total Property and Equipment 100,750.00

Other Assets

Total Other Assets 0.00

Total Assets 139,633.00



LIABILITIES AND CAPITAL

Current Liabilities
Accounts Payable 7,930.00
Salary Payable 350.00
Interest Payable 100.00
Unearned Photo Service Revenue 5,500.00

Total Current Liabilities 13,880.00

Long-Term Liabilities

Total Long-Term Liabilities 0.00

Total Liabilities 13,880.00

Capital
Philip Browning, Capital 117,500.00
Philip Browning, Withdrawals (1,000.00)
Net Income 9,253.00

Total Capital 125,753.00

Total Liabilities & Capital 139,633.00

And here is what I have for my Post Closing Balance


Postclosing Trial Balance
September 1, 20X7
Cash $30,843
Accounts receivable 2,700
Prepaid rent 2,700
Supplies 440
Equipment 94,400
Accumulated depreciation-equipment $1,150
Accounts payable 7930
Salary payable 350
Unearned service revenue 5500
Melanie Lange, capital 117500
$131,083 $132,430

Any help would be great thank you

[CaptainForest]

And the transactions are what?

How did you get from trial balance A to trial balance B?

[Zinder]

I Don't quite understand what your asking me I did this work using Peach tree and this was the balance sheet I got. I was under the awerance that you take your post closing balance off your balance sheet am I wrong on this? :confused:

[CaptainForest]

The Balance Sheet you provided, that is BEFORE adjustments, correct?

How do you have Equipment on your Balance Sheet at 52K or 29K and yet 94,400 on your closing trial balance?

How did you come up with the numbers?

What did you do to arrive at your answer?

[Zinder]

I added my Photo Equpiment and my offfice equpiment together was I wong in doing so? My Depreation was done by doing the same for office and Photo once again everything else was just taken right from the area of were it shows on the balance sheet.