Prepare a Trial balance in good order from the following ledger balances: 1 Room revenue 2...
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Prepare a Trial balance in good order from the following ledger balances: 1 Room revenue 2 Food revenue 3 4 Cash Beverage revenue 5 Accounts receivable 6 Prepaid expenses 7 Accounts payable 8 Land 9 Building 10 Accumulated depreciation: Building 11 Mortgage Payable 12 Furniture and equipment 13 Accumulated depreciation: Furniture and equipment 14 Wages Expense 15 Salaries expense 16 Common stock Problem 3. Prepare an income statement from the following trial balance: Sales revenue Cost of sales Wages expenses Supplies expense Marketing expenses Rent expense Insurance expense Taxes on income 40% 258,200 60,800 45,000 14,000 4,500 6,000 2,000 780,000 140,000 190,000 40,000 35,000 24,000 15,000. 140,000 270,000 45,000 150,000 90,000 20,000 25,000 30,000 2 Prepare a Trial balance in good order from the following ledger balances: 1 Room revenue 2 Food revenue 3 4 Cash Beverage revenue 5 Accounts receivable 6 Prepaid expenses 7 Accounts payable 8 Land 9 Building 10 Accumulated depreciation: Building 11 Mortgage Payable 12 Furniture and equipment 13 Accumulated depreciation: Furniture and equipment 14 Wages Expense 15 Salaries expense 16 Common stock Problem 3. Prepare an income statement from the following trial balance: Sales revenue Cost of sales Wages expenses Supplies expense Marketing expenses Rent expense Insurance expense Taxes on income 40% 258,200 60,800 45,000 14,000 4,500 6,000 2,000 780,000 140,000 190,000 40,000 35,000 24,000 15,000. 140,000 270,000 45,000 150,000 90,000 20,000 25,000 30,000 2
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College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
Posted Date:
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