From the following adjusted trial balance (ATB) titles on a worksheet of a lawyer, identify in which
Question:
From the following adjusted trial balance (ATB) titles on a worksheet of a lawyer, identify in which column each account will be listed in the last four columns of the worksheet:
(ID) Income statement..........................................Dr. column
(IC) Income statement..........................................Cr. column
(BD) Balance sheet................................................Dr. column
(BC) Balance sheet................................................Cr. column
ATB a. Legal Fees Earned b. Accounts Payable c. Cash d. Prepaid Advertising e. Accrued Salaries f. Depreciation Expense g. V., Capital h. V., Withdrawals i. Computer Supplies j. Rent Expense k. Supplies Payable 1. Advertising Expense m. Accumulated Depreciation n. Accrued Wages ID IC BD BC
Step by Step Answer:
a IC Income statement Cr column b BC Balance sheet Cr column c BD Balance sheet Dr colu...View the full answer
College Accounting A Practical Approach
ISBN: 9780135222416
14th Canadian Edition
Authors: Jeffrey Slater, Debra Good
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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