Question

Below is the trial balance of Heron Company at the end of November.
Accounts Balances
Cash ............. $12,000
Accounts Receivable ..... ?
Rent Expense ........ 1,000
Supplies ........... 5,000
Equipment, net ......... 19,000
Accounts Payable ........ 7,000
Service Revenue ....... 40,000
Utilities Payable ....... 1,000
Unearned Revenue ....... 6,000
Common Stock ....... 19,000
Utilities Expense ....... 2,000
Retained Earnings ....... 15,000
Salaries Payable ........ 2,000
Salaries Expense ........ 9,000
Insurance Expense ...... 6,000
Advertising Expense ..... 1,000
Supplies Expense ....... 10,000
Dividends ......... 3,000
Prepaid Insurance ...... 4,000
Legal Fees Expense ..... 6,000

Required:
Prepare a trial balance by placing amounts in the appropriate debit or credit column and determining the balance of the Accounts Receivable account.



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  • CreatedJuly 15, 2014
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