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.