Using the account balances from Exercise 3.5, prepare a trial balance and an income statement for Housing
Question:
Using the account balances from Exercise 3.5, prepare a trial balance and an income statement for Housing Locators. The trial balance is for December 31, 2016, and the income statement is for the month ended December 31, 2016.
In Exercise3.5,
Transcribed Image Text:
Equipment 80,000 190,000 (b) 46,000 (c) 30,000 e 3,000 000 Accounts Receivable Accounts Payable Wade Wilson, Capital Telephone Expense 10,000 g) () 80,000 Supplies 46,000 (a) 190,000 Fees Income d 3,000 (e) [f) 10,000 Wade Wilson, Droving Salaries Expense 11,000 5,000
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Housing Locators Trial Balance December 31 2016 ACCOUNT NAME DEBIT CREDIT Cash 160 3 0 ...View the full answer
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Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
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