The following accounts are taken from the ledger of Chillin Company at December 31, 2020. Prepare a
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The following accounts are taken from the ledger of Chillin’ Company at December 31, 2020.
Prepare a trial balance in good form.
Transcribed Image Text:
Cash R$ 6,000 7,000 4,000 200 Notes Payable 301 Owner's Capital 157 Equipment 306 Owner's Drawings 726 Salaries and Wages Expense R$20,000 101 126 Supplies 28,000 80,000 Rent Expense 729 Salaries and Wages Payable 3,000 9,000 212 Accounts Payable 38,000 90,000 201 11,000 8,000 Accounts Receivable 400 Service Revenue 112
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Related Book For
Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
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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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