The trial balance columns of the worksheet for Lin Company at June 30, 2011, are as follows
Question:
Other data:
a. A physical count reveals HK$300,000 of supplies on hand.
b. HK$100,000 of the unearned revenue is still unearned at month-end.
c. Accrued salaries are HK$280,000.
Instructions
Enter the trial balance on a worksheet and complete theworksheet.
Transcribed Image Text:
LIN COMPANY Worksheet For the Month Ended June 30, 2011 (in thousands) Trial Balance Dr. Account Titles Cash Accounts Receivable Supplies Accounts Payable Unearned Kevenue Share Capital-Ordinary Service Revenue Salaries Expense Miscellaneous Expense HK$2.320 2.440 1.880 HK$1.120 240 3.600 2.400 560 160 HK$7.360 HK$7.360
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Related Book For
Financial accounting
ISBN: 978-1118285909
IFRS Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
Question Posted:
Related Video
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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