Given the following adjusted trial balance, what will be the totals of the debit and credit columns
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Question:
Given the following adjusted trial balance, what will be the totals of the debit and credit columns of the post-closing trial balance?
Debit | Credit | |
Money | $781 | |
accounts receivable | 1,049 | |
Inventory | 1,562 | |
prepaid rent | 43 | |
Equipment | 150 | |
Accumulated Depreciation-Equipment | 26 | |
Accounts payable | 41 | |
Unearned service income | 86 | |
Common actions | 103 | |
Retained earnings | 3,305 | |
Service revenues | 109 | |
The return on an investment | 28 | |
Wage and salary expenses | 80 | |
Travel expenses | 33 | |
Total | $3,698 | $3,698 |
Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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