Hagadorn Company has the following adjusted accounts and balances at year-end (June 30, 2017): Prepare an adjusted
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Hagadorn Company has the following adjusted accounts and balances at year-end (June 30, 2017):
Prepare an adjusted trial balance in good form for the Hagadorn Company at June 30, 2017.
Transcribed Image Text:
Accounts payable Accounts receivable Accrued expenses payable Accumulated depreciation $ 250 Income taxes payable Interest expense 420 70 160 60 Interest revenue 710 250 Inventories Buildings and equipment 1,400 Land 300 Long-term debt Prepaid expenses Cash 175 1,460 Contributed capital 30 400 Cost of sales Depreciation expense Deferred fees Income taxes expense 780 640 Salaries expense 150 Sales revenue 2,400 90 Rent expense 460 Retained earnings 135 150 %24
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Related Book For
Financial Accounting
ISBN: 978-1259105692
6th Canadian edition
Authors: Robert Libby, Patricia Libby, Daniel G Short, George Kanaan, Maureen Sterling
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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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