From the following trial balance of Hall?s Cleaners, prepare the following:? Income statement? Statement of owner?s equity?
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From the following trial balance of Hall?s Cleaners, prepare the following:? Income statement? Statement of owner?s equity? Balance sheet
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HALL'S CLEANERS TRIAL BALANCE JULY 31, 2019 Dr. Cr. 75000 6 4500 Cash Equipment Accounts Payable 52500 J. Hall, Capital J. Hall, Withdrawals Cleaning Fees Salaries Expense Utilities Expense 70000 24500 74800 25000 8300 197300 197300 Totals
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Related Book For
College Accounting A Practical Approach
ISBN: 978-0134166698
13th 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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