Round your answers to the whole dollar amounts. Below is the Trial Balance data for Merlin Bookstore
Question:
Round your answers to the whole dollar amounts.
Below is the Trial Balance data for Merlin Bookstore Inc. as of November 31, 2016.
Merlin Bookstore
Trial Balance
November 31, 2016
Transcribed Image Text:
Debit Credit 20,000 Cash Accounts Receivable 35,000 105,500 Inventory Land 200,000 Building 800,000 Equipment Accounts Payable 15,400 53,000 8,000 Salary and Wages Payable Bonds Payable 100,000 Common Stock 600,000 Preferred Stock 200,000 Retained Earnings 214,000 Book Revenue 120,900 Rent Revenue 20,000 Miscellaneous Revenue 2,300 Salary and Wage Expense Utilities Expense Rent Expense 3,600 2,700 36,000 30,000 Supplies Expense Depreciation Expense Income Tax Expense 45,000 25,000 Totals 1,318,200 1,318,200
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Merlin Bookstore Journal Entries Debit Credit 1 Inventory 2000 Cash 2000 Purchased supplies in cash amounting to 2000 2 Accounts receivable 4000 Inventory 1500 Profit 2500 Sold books to a customer for ...View the full answer
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Related Book For
Introduction to Accounting An Integrated Approach
ISBN: 978-0078136603
6th edition
Authors: Penne Ainsworth, Dan Deines
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