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Prepare a December 31 trial balance for Jindal Co. using the following information and fill in the missing amount for Equipment (assume all data are correct). $ 8,000 Equipment. $_? Wages expense . $12,000 Cash Accounts payable. 4,000 Jindal, Withdrawals 500 Accounts receivable.. 1,000 Services revenue 20,000 Jindal, Capital... 16,500 Unearned revenue. 2,000 Rent expense 3,000

Chapter 2, Exercises #21

Prepare a December 31 trial balance for Jindal Co. using the following information and fill in the missing amount for Equipment (assume all data are correct).

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$ 8,000 Equipment. $_? Wages expense . $12,000 Cash Accounts payable. 4,000 Jindal, Withdrawals 500 Accounts receivable.. 1,000 Services revenue 20,000 Jindal, Capital... 16,500 Unearned revenue. 2,000 Rent expense 3,000

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Solution: Trial balance: Debit ($) Credit ($) Cash 8,00…View the full answer

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Related Book For answer-question
Fundamental Accounting Principles

Fundamental Accounting Principles

25th Edition

Authors: John J Wild, Ken Shaw

ISBN: 9781260247985

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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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