Swanson Company has the following adjusted accounts and balances at year- end (June 30, 2014): All of
Question:
Swanson Company has the following adjusted accounts and balances at year- end (June 30, 2014):
All of these accounts have normal debit or credit balances.
Required:
Prepare an adjusted trial balance in good form for the Swanson Company at June 30, 2014.
Transcribed Image Text:
Accrued expenses payable 50 Income taxes expense 110 Prepayments Accumulated depreciation 250 ncome taxes payable 30 Rent expense Buildings and equipment 400 Interest expense 8Retained eamings Cash Contributed capital Cost of sales Deferred fees Depreciation expense 120 Interest income 300 Inventories 820 Land 100 Long-term debt 300 Trade receivablers 110 40 400 170 660 2,400 200 400 50 Salaries expense 610 Sales revenue 200 Trade payables
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Related Book For
Financial Accounting
ISBN: 978-1259103285
5th Canadian edition
Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M
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