The Adjusted Trial Balance columns of a 10-column work sheet for Webber Co. follow. Complete the work
Question:
The Adjusted Trial Balance columns of a 10-column work sheet for Webber Co. follow. Complete the work sheet by extending the account balances into the appropriate financial statement columns and by entering the amount of profit or loss for the reporting period.
Webber Co. Work Sheet.xlsx Home Insert Page Layout Formulas Data Review View P18 A. в Webber Co. Work Sheet December 31, 2020 Adjusted 4 Trial Balance Account Debit Credit $ 21,000 7 101 Cash 8 106 Accounts receivable 9 153 Trucks 10 154 Accumulated depreciation, trucks 8,200 48,000 $ 31,250 11 193 Franchise 6,500 12 201 Accounts payable 13,000 13 209 Salaries payable 14,600 14 233 Unearned revenue 2,450 15 301 Bo Webber, capital 37,750 16 302 Bo Webber, withdrawals 7,200 17 401 Plumbing revenue 31,600 18 611 Depreciation expense, trucks 19 622 Salaries expense 12,100 17,800 20 640 Rent expense 21 677 Miscellaneous expense 6,000 3,850 $ 130,650 $ 130,650 22 Totals
Step by Step Answer:
No 101 Cash 106 Accounts receivable 153 Trucks 154 Accum depreciation ...View the full answer
Fundamental Accounting Principles Volume I
ISBN: 978-1260305821
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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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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