Below are account balances of Ducks Company at the end of September. Required: Prepare a trial balance
Question:
Below are account balances of Ducks Company at the end of September.
Required:
Prepare a trial balance by placing amounts in the appropriate debit or credit column and determining the balance of the Service Revenueaccount.
Transcribed Image Text:
Accounts Balances Balances Accounts Retained Earnings Dividends Service Revenue Salaries Expense Insurance Expense Advertising Expense Supplies Expense Entertainment Expense Utilities Expense 5 $25,000 14,000 7,000 5,000 28,000 7,000 4,000 1,100 9,000 29,000 $13,000 4,000 Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Salaries Payable Utilities Payable Unearned Revenue Common Stock 9,000 8,000 1,100 10,000 6,000 1,100
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Related Book For
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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