The trial balance columns of the worksheet for Barbosa Apparel at June 30, 2020, are as follows.
Question:
The trial balance columns of the worksheet for Barbosa Apparel at June 30, 2020, are as follows.
Other data:
Operating expenses incurred on account, but not yet recorded, total R$1,640.
Instructions
Enter the trial balance on a worksheet and complete the worksheet.
Barbosa Apparel Worksheet For the Month Ended June 30, 2020 Trial Balance Account Titles Debit Credit 2,120 Cash 2,740 11,640 Accounts Receivable Inventory Accounts Payable Owner's Capital 1,120 4,000 Sales Revenue 42,800 Cost of Goods Sold 20,560 Operating Expenses 10,860 47,920 47,920
Step by Step Answer:
Account Titles Cash Accounts Receivable Inventory Account...View the full answer
Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
Related Video
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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