You have been hired to correct the following trial balance that has been recorded improperly from the
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You have been hired to correct the following trial balance that has been recorded improperly from the ledger to the trial balance. Assume all accounts had a normal balance
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SUN CO. TRIAL BALANCE MARCH 31, 2018 Cr. Dr. Accounts Payable 300000 6 50000 A. Sun, Capital 30000 A. Sun, Withdrawals Services Earned 570000 250000 14 0000 Concessions Earned Rent Expense Salaries Expense 350000 Miscellaneous Expense 130000 Cash 10 00000 120000 Accounts Receivable 20 40000 Totals 15 0 0000
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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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