The adjusted trial balance for Mosquera Golf Club at its October 31, 2024, year end included the
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The adjusted trial balance for Mosquera Golf Club at its October 31, 2024, year end included the following:
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Cash Prepaid expenses Equipment Accumulated depreciation-equipment Accounts payable Unearned revenue N. Mosquera, capital N. Mosquera, drawings Service revenue Repairs expense Rent expense Salaries expense Debit $ 7,500 3,000 65,000 45,000 23,000 10,000 72,000 Credit $ 15,000 14,000 1,500 65,000 130,000
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Related Book For
Accounting Principles Volume 1
ISBN: 9781119786818
9th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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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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