You have been hired to correct the following trial balance that has been recorded improperly from the
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You have been hired to correct the following trial balance that has been recorded improperly from the ledger to the trial balance.
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SUN CO. TRIAL BALANCE MARCH 31, 2018 Dr. Cr. Accounts Payable A. Sun, Capital 300000 650000 30000 A. Sun, Withdrawals Services Earned 570000 Concessions Earned 250000 140000 Rent Expense Salaries Expense Miscellaneous Expense 350000 130000 10 0 0000 Cash Accounts Receivable 120000 20 4 0000 15 0 0000 Totals ele
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Cash Accounts Receivable Accounts Payable A Sun Capital A ...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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