Hollys Accounting Services showed the following trial balances for her first month just ended July 31, 2023.
Question:
Holly’s Accounting Services showed the following trial balances for her first month just ended July 31, 2023. Use this information to complete an income statement, a statement of owner’s equity, and a balance sheet.
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Cash Accounts Receivable Prepaid Insurance Office Equipment Accounts Payable Loan Payable H. Good, Capital H. Good, Withdrawals Accounting Fees Earned Salaries Expense Rent Expense Total HOLLY'S ACCOUNTING SERVICES TRIAL BALANCE JULY 31, 2023 Dr. $200000 190000 60000 140000 150000 160000 60000 $960000 Cr. $ 52000 160000 548000 200000 $960000
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Related Book For
College Accounting A Practical Approach
ISBN: 9780135222416
14th Canadian Edition
Authors: Jeffrey Slater, Debra Good
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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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