From the following trial balance of Halls Cleaners, prepare the following: Income statement Statement of owners equity
Question:
From the following trial balance of Hall’s Cleaners, prepare the following:
- Income statement
- Statement of owner’s equity
- Balance sheet
Transcribed Image Text:
Cash Equipment Accounts Payable J. Hall, Capital J. Hall, Withdrawals Cleaning Fees Salaries Expense Utilities Expense Totals HALL'S CLEANERS TRIAL BALANCE JULY 31, 2022 Dr. 75000 64500 24500 Cr. 52500 170000 74800 25000 8300 197300 197300
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Revenue Cleaning Fees Operating Expenses Salaries Expense Utilities ...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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