Pitman Company is a small editorial services company owned and operated by Jan Pitman. On October 31,
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Pitman Company is a small editorial services company owned and operated by Jan Pitman. On October 31, 2019 the end of the current year, Pitman Company's accounting clerk prepared the following unadjusted trial balance:
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Pitman Company Unadjusted Trial Balance October 31,2019 Debit Balances 7,500 Credit Balances ash 1,980 12,500 300,250 . . 87,550 Equipment... 97,950 12,150 6,750 371,000 Jan Pitman, Drawing Fees Earned 324,600 Repairs Expense.. 17,250 900,000 900,000
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1 Account Debit Credit a Insurance Expense 6600 Prepaid Insurance 6600 Accounts Receivable b Supplie...View the full answer
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Related Book For
Accounting
ISBN: 978-1337899451
27th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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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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