From the ledger balances given below, prepare a trial balance for the Amaro Company at June 30,

Question:

From the ledger balances given below, prepare a trial balance for the Amaro Company at June 30, 2017. List the accounts in the order shown on page 58 of the textbook. All account balances are normal.

Accounts Payable $8,100, Cash $5,800, Owner’s Capital $15,000, Owner’s Drawings $1,200, Equipment $17,000, Service Revenue $10,000, Accounts Receivable $3,000, Salaries and Wages Expense $5,100, and Rent Expense $1,000.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...