Use the following Adjusted Trial Balance to prepare a classified Balance Sheet: Adjusted Trial Balance Debit $17,000
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Use the following Adjusted Trial Balance to prepare a classified Balance Sheet:
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Adjusted Trial Balance Debit $17,000 8,500 1,500 5,000 12,000 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Fee Revenue Common Stock Service Fee Revenue Salaries Expense Rent Expense 9,500 3,000 $56,500 Credit $ 5,000 4,000 15,000 32,500 $56,500
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Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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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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