The Post‐Closing Trial Balance

After the closing entries are journalized and posted, only permanent, balance sheet accounts remain open. A post‐closing trial balance is prepared to check the clerical accuracy of the closing entries and to prove that the accounting equation is in balance before the next accounting period begins.

The Greener Landscape Group Post-Closing Trial Balance April 30, 20X2

	Account	Debit	Credit
100	Cash	$ 6,355
110	Accounts Receivable	200
140	Supplies	25
145	Prepaid Insurance	1,100
150	Equipment	3,000
151	Accumulated Depreciation–Equipment		$ 35
155	Vehicles	15,000
156	Accumulated Depreciation-Vehicles		200
200	Accounts Payable		50
210	Wages Payable		80
220	Interest Payable		79
250	Unearned Revenue		225
280	Notes Payable		10,000
300	J. Green, Capital		15,011
		$25.680	$25,680

Since there are several types of errors that trial balances fail to uncover, each closing entry must be journalized and posted carefully.