From the following trial balance of Hugo?s Cleaners, prepare the following:? Income Statement? Statement of Owner?s Equity?
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From the following trial balance of Hugo?s Cleaners, prepare the following:? Income Statement? Statement of Owner?s Equity? Balance Sheet
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HUGO’S CLEANERS TRIAL BALANCE JULY 31, 2019 Cr. Dr. 60000 6 9 200 Cash Equipment Accounts Payable 30000 J. Hugo, Capital J. Hugo, Withdrawals Cleaning Fees Salaries Expense Utilities Expense 85 300 1 1500 50 400 17500 7500 165700 165700 Totals
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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: 978-0134166698
13th 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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