Following are unadjusted balances along with year-end adjustments for Quinlan Company. Complete the adjusted trial balance by
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Following are unadjusted balances along with year-end adjustments for Quinlan Company. Complete the adjusted trial balance by entering the adjusted balance for each of the following accounts.
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Unadjusted Trial Balance Dr. Adjusted Trial Balance Dr. Adjustments Cr. Account Title No. 101 Cash 106 Accounts receivable 126 Supplies 209 Salaries payable Cr. Dr. Cr. $8,000 $4,000 $2,500 400 4,500 2$ 9,000 301 B. Wells, Capital 403 Consulting revenue 622 Salaries expense 11,000 4,000 5,500 400 2,500 Supplies expense
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No 101 Cash Account 106 Accounts receivable 126 Supplies 209 Salarie...View the full answer
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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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