Correct the following trial balance that has been recorded improperly from the ledger. Assume all accounts had
Question:
Correct the following trial balance that has been recorded improperly from the ledger. Assume all accounts had a normal balance.
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Accounts Payable A. Sun, Capital A. Sun, Withdrawals Services Earned Concessions Earned Rent Expense Salaries Expense Miscellaneous Expense Cash Accounts Receivable Totals SUN CO. TRIAL BALANCE MARCH 31, 2021 Dr. 300000 250 000 140 000 350 000 1000000 Cr. 650 000 30 0 00 570000 130000 120000 20 40000 15 0 0 0 00
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Cash Accounts Receivable Accounts Payable A Sun Capital A Sun ...View the full answer
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Related Book For
College Accounting A Practical Approach
ISBN: 9780135222416
14th Canadian Edition
Authors: Jeffrey Slater, Debra Good
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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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