Question

Steve’s Tax Services had the following accounts and account balances after adjusting entries. Assume all accounts have normal balances.
Cash .................. $ ?
Land ................ 24,000
Utilities Payable ........... 550
Accounts Payable ........... 3,800
Accumulated Depreciation—Equipment .. 1,500
Service Revenue ........... 90,000
Supplies Expense ........... 700
Dividends ............... 28,000
Equipment ............... $ 25,000
Accounts Receivable ........... 4,250
Office Supplies ........... 900
Common Stock ........... 18,600
Utilities Expense ........... 1,550
Unearned Revenue ........... 600
Depreciation Expense—Equipment ..... 1,800
Salaries Expense ........... 5,200
Prepare the adjusted trial balance for Steve’s Tax Services as of December 31, 2016.


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  • CreatedJune 12, 2015
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