Blackberry's trial balance follows. Compute these amounts for Blackberry: 1. Total assets 2. Total liabilities 3. Net
Question:
Compute these amounts for Blackberry:
1. Total assets
2. Total liabilities
3. Net income or net loss during June
Transcribed Image Text:
Blackberry, Inc. Trial Balance June 30,20x6 Debit Credit Accounts receivable.. Supplies $6,000 13,000 4,000 Land Accounts payable Note payabl 50,000 $19,000 20,000 10,000 8,000 70,000 Retained earnings. Service revenue Salary expense Rent expense Utilities expense500 Total 21,000 10,000 1,000 $127,000 $127,000
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Related Book For
Financial Accounting
ISBN: 978-0135012840
7th edition
Authors: Walter T. Harrison, Charles T. Horngren
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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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