Yellowberry, Inc.'s, trial balance follows: Compute these amounts for the business: 1. Total assets 2. Total liabilities
Question:
Yellowberry, Inc.'s, trial balance follows:
Compute these amounts for the business:
1. Total assets
2. Total liabilities
3. Net income or net loss during December
Transcribed Image Text:
A1 Yellowberry, Inc. Trial Balance December 31, 2016 Balance Debit Cre 3Account Title 4 Cash 5 Accounts receivable 6 Supplies 7Land 8 Equipment 9 Accounts payable 10 Note payable 11 Common stock 12 Retained earnings 13 Service revenue 14 Salary expense 15 Rent expense 16 Utilities expense 17 Total 18 Credit Is 4,000 14,000 1,000 | 48,000 27,000 26,000 13.,000 2000 31,600 29,000 9,000
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Related Book For
Financial Accounting
ISBN: 978-0134127620
11th edition
Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz
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