The following selected accounts appear in the adjusted trial balance columns of the worksheet for Lee Company:
Question:
The following selected accounts appear in the adjusted trial balance columns of the worksheet for Lee Company: Accumulated Depreciation, Depreciation Expense, Owner’s Capital, Owner’s Drawings, Service Revenue, Supplies, and Accounts Payable. Indicate the financial statement column (income statement Dr., statement of financial position Cr., etc.) to which each balance should be extended.
Step by Step Answer:
Account Accumulated Depreciation Depreci...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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