The accounts in the ledger of Prompt Delivery Service contain the following balances on July 31, 2020.
Question:
Instructions
Prepare a trial balance with the accounts arranged as illustrated in the chapter and fill in the missing amount for Cash.
Transcribed Image Text:
Accounts Receivable Accounts Payable $ 7,640 $ 1,968 Prepaid Insurance Maintenance and Repairs Expense 8,394 961 Cash Service Revenue Owner's Drawings Owner's Capital Salaries and Wages Expense Salaries and Wages Payable 10,610 700 Equipment 45,360 Gasoline Expense Utilities Expense Notes Payable 758 38,000 523 4,428 17,000 815
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (18 reviews)
PROMPT DELIVERY SERVICE Trial Balance July 31 2020 Debit Credit Cash 74819 Debit total without ...View the full answer
Answered By
Muhammad Mahtab
everyone looks that their work be perfect. I have more than a five year experience as a lecture in reputable institution, national and international. I provide perfect solution in marketing, case study, finance problems, blog writing, article writing, business plans, strategic management, human resource, operation management, power point presentation and lot of clients need. Here is right mentor who help clients in their multi-disciplinary needs.
5.00+
3+ Reviews
14+ Question Solved
Related Book For
Accounting Principles
ISBN: 978-1119411482
13th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Posted:
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
Students also viewed these Business questions
-
The accounts in the ledger of Time Is Money Delivery Service contain the following balances on July 31, 2015. Accounts Receivable ......... $10,642 Prepaid Insurance ............ $ 1,968 Accounts...
-
The accounts in the ledger of Thornton Delivery Service contain the following balances on July 31, 2010. Instructions (a) Prepare a trial balance with the accounts arranged as illustrated in the...
-
The accounts in the ledger of Sanford Delivery Service contain the following balances on July 31, 2010. InstructionsPrepare a trial balance with the accounts arranged as illustrated in the chapter...
-
Which statement about the pass-by-reference is NOT true? a.Every time you pass a reference variable to a method, you also pass the object referred by the refenerece variable to the method. b.In the...
-
The unsecured creditors of Dan filed a petition under Chapter 7 of the bankruptcy act on July 1, 2016, to force Dan into bankruptcy. The court order for relief was granted on July 10, at which time...
-
We usually take action on the basis of having rejected the null hypothesis. When we do this, we know the chances that the action has been taken erroneously because we have prespecified a, the...
-
0.8859 Use the Standard Normal Table or technology to find the z-score that corresponds to the cumulative area or percentile. Table 4-Standard Normal Distribution Arca Z 0 Z .09 .08 .07 .06 .05 .04...
-
The normal capacity of a manufacturing plant is 5,000 units per month. Fixed overhead at this volume is $2,500, and variable overhead is $7,500. Additional data follow: a. Calculate the amount of...
-
A disk (Idisk = 12MR2) of mass 200kg and radius 2m is rotating at rad/s. A small object of mass 40 kg then collides with and sticks to the disk at a location halfway between the center and the edge....
-
The Balance Sheet of the Street and Highway Fund of the City of Monroe as of December 31, 2019, follow. CITY OF MONROE Street and Highway Fund Balance Sheet As of December 31, 2019 Assets Cash $...
-
The bookkeeper for J.L. Kang Equipment Repair made a number of errors in journalizing and posting, as described below. 1. A credit posting of $525 to Accounts Receivable was omitted. 2. A debit...
-
Beyers Security Company provides security services. Selected transactions for Beyers are presented below. Oct. 1 Invested $66,000 cash in the business. 2 Hired part-time security consultant. Salary...
-
Which is more difficult: imitating a rival's tangible resources or its intangible resources?
-
What is Logistics and its importance in supply chain management?
-
How do parallelism and concurrency differ in the context of software design, and what are the key considerations when choosing between them for a given application? Discuss the use of parallel...
-
Facebook revealed that it had manipulated the news feeds of over half a million randomly selected users to change the number of positive and negative posts they saw. It was part of a psychological...
-
Using the data and basic templates provided: a. Complete journal entries for above transactions. Note:the first two have been done for you. b. Post journal entries to general ledger accounts...
-
What are three things you should never do when developing others and why?
-
Derive the long-run cost function for the constant elasticity of substitution production function q = (L p + K p ) d/p .
-
Doorharmony Company makes doorbells. It has a weighted- average cost of capital of 5% and total assets of $ 5,900,000. Doorharmony has current liabilities of $ 750,000. Its operating income for the...
-
Hillman Inc. has net income of $160,000, weighted average shares of common stock outstanding of 50,000, and preferred dividends for the period of $40,000.What is Hillmans earnings per share of common...
-
Why is it important to report discontinued operations separately from income from continuing operations?
-
Why is it important to report discontinued operations separately from income from continuing operations?
-
Under what conditions would the National Building Code (N.B.C.) be used, as opposed to the Ontario Building Code (O.B.C.)?
-
Each month I have to lie on my expense report in order to get reimbursed for an honest business lunch," is example of?
-
Secondary Analysis: This week visit the Keizer Online Library and find a full-text article on secondary analysis in research. Find a full-text article, download it, highlight it, and upload it to the...
Study smarter with the SolutionInn App