The trial balance columns of the worksheet for Dixon Company at June 30, 2022, are as follows.
Question:
The trial balance columns of the worksheet for Dixon Company at June 30, 2022, are as follows.
Other data:1. A physical count reveals $500 of inventory on hand.2. $100 of the unearned sales revenue is still unearned at month-end.
InstructionsEnter the trial balance on a worksheet and complete the worksheet.
Dixon Company Worksheet For the Month Ended June 30, 2022 Trial Balance Debit Credit Account Titles Cash 2,320 Accounts Receivable 2,440 1,880 Inventory Accounts Payable 1,120 Unearned Sales Revenue 240 Owner's Capital 3,600 Sales Revenue 2,400 Salaries and Wages Expense 560 Miscellaneous Expense 160 7,360 7,360
Step by Step Answer:
Account Titles Cash Accounts Receivable Inventory Accounts Pa...View the full answer
College Accounting
ISBN: 1986
1st Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Deanna C. Martin, Jill E. Mitchell
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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