The trial balance columns of the worksheet for Barbosa Company at June 30, 2014, are as follows.
Question:
Barbosa Company
Worksheet
For the Month Ended June 30, 2014
Other data:
Operating expenses incurred on account, but not yet recorded, total R$1,500.
Instructions
Enter the trial balance on a worksheet and complete the worksheet.
Transcribed Image Text:
Trial Balance Debit Credit Account Titles R$ 2,120 2,440 11,640 Cash Accounts Receivable Inventory Accounts Payable Share Capital-Ordinary R$ 1,120 4,000 42,500 Sales Revenue Cost of Goods Sold 20,560 10,860 Operating Expenses R$47,620 R$47,620
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Related Book For
Financial Accounting IFRS
ISBN: 978-1118285909
2nd edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Posted:
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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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