Use the following Adjusted Trial Balance to prepare a classified Balance Sheet: Adjusted Trial Balance Debit $16,500
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Use the following Adjusted Trial Balance to prepare a classified Balance Sheet:
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Adjusted Trial Balance Debit $16,500 17,200 2,200 2,100 14,000 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Fee Revenue Common Stock Service Fee Revenue Salaries Expense Rent Expense 12,000 6,000 $70,000 Credit $14,200 4,300 30,000 21,500 $70,000
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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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