Selected accounts from Westeros Co.s adjusted trial balance for the year ended December 31 follow. Prepare its
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Selected accounts from Westeros Co.’s adjusted trial balance for the year ended December 31 follow. Prepare its income statement.
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Depreciation expense.. Salaries expense . Amortization expense Sales.... Repairs expense. Depletion expense. $ 5,000 $30,000 500 10,000 2,000 4,000
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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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