The following accounts are taken from the ledger of Chillin' Company at December 31, 2020. Prepare a
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The following accounts are taken from the ledger of Chillin' Company at December 31, 2020.
Prepare a trial balance in good form.
Transcribed Image Text:
200 Notes Payable $20,000 311 Common Stock 25,000 157 Equipment 76,000 332 Dividends 8,000 726 Salaries and Wages Expense 38,000 400 Service Revenue 86,000 101 Cash $6,000 120 Supplies 5,000 522 Rent Expense 2,000 220 Salaries and Wages Payable 3,000 201 Accounts Payable 9,000 112 Accounts Receivable 8,000
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CHILLIN COMPANY Trial Balance December 31 2020 Debit Credit ...View the full answer
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Related Book For
Financial and Managerial Accounting
ISBN: 978-1119392132
3rd edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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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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