The following accounts are taken from the ledger of Macon Company at December 31, 2020. Prepare a
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Prepare a trial balance in good form.
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$ 6,000 200 Notes Payable 301 Owner's Capital 157 Equipment $20,000 28,000 Cash 101 126 Supplies 729 Rent Expense Salaries and Wages Payable 201 7,000 4,000 80,000 306 Owner's Drawings 9,000 3,000 Salaries and Wages Expense Accounts Payable Accounts Receivable 726 38,000 11,000 400 Service Revenue 90,000 112 8,000
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MACON COMPANY Trial Balance December 31 2020 Debit Credit Cash 6000 Accounts Re...View the full answer
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Related Book For
Accounting Principles
ISBN: 978-1119411482
13th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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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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