• Athabasca University, Athabasca

• ACCT 253

Case Study Part 8 Solution ~ Lyryx Learning Inc Case Study Part 8 Solution Name: Megan Durrant Date: 2023-06-26 18:53 Part 8 [15 points] a) Prepare a post-closing trial balance at December 31, 2023. The correct answer was : Binarium Inc. Post-Closing Trial Balance December 31, 2023 Debit Credit Cash 136,673 Accounts receivable 149,008 Prepaid rent 3,300 Computers 56,000 Accumulated depreciation, computers....... 4,350 Furniture 19,200 Accumulated depreciation, furniture 150 Accounts payable 98,700 Salaries payable 2,800 Unearned consulting revenue 14,400 Share capital 80,500 Retained earnings 163,281 Totals 364,181 364,181 b) What is the next step in the accounting cycle? The correct answer is : This is the las