The document discusses preparing a post-closing trial balance. It explains the steps to take the general ledger accounts after adjusting and closing entries have been posted and create a post-closing trial balance. It lists the elements that should be included in a post-closing trial balance such as account titles, balances, totals, and rules. It also outlines the typical accounting cycle for a service business which involves analyzing transactions, journalizing, posting, preparing a work sheet, journalizing and posting adjusting and closing entries, preparing financial statements, and preparing a post-closing trial balance.
