The accounts in the ledger of Overnite Delivery Service contain the following balances on July 31, 2020
Question:
The accounts in the ledger of Overnite Delivery Service contain the following balances on July 31, 2020 (amounts in thousands).
Instructions
Prepare a trial balance with the accounts arranged as illustrated in the chapter and fill in the missing amount for Cash.
¥ 7,640 ¥ 1,968 961 Accounts Receivable Accounts Payable Cash Equipment Gasoline Expense Utilities Expense Notes Payable Prepaid Insurance Maintenance and Repairs Expense Service Revenue Owner's Drawings Owner's Capital Salaries and Wages Expense Salaries and Wages Payable 8,394 10,610 45,360 758 700 38,000 4,428 523 17,000 815
Step by Step Answer:
OVERNITE DELIVERY SERVICE Trial Balance July 31 2020 Debit Credit Cash 7481...View the full answer
Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
Related Video
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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