7. The following balances from the ledger accounts of Hog and Bones Steakhouse is given to you on June...

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7. The following balances from the ledger accounts of Hog and Bones Steakhouse is given to you on June 30, 2020. Cash Receivables Prepaid rent Land Names of Accounts Building China, Glassware, Silver Accumulated Depreciation on Building Accumulated depreciation on china, glassware and silver Franchise Accounts payable Unpaid wages Mortgage payable Capital Withdrawals Food sales Beverage sales Cost of food used (including employee meals of $2,000) Cost of beverage used Wages Employee benefits Insurance expense Other operating expenses Depreciation expense on building Depreciation expense on China, Glassware and Silver S 25,000 9,000 4,000 50,000 180,000 15,000 20,000 6,000 40,000 5,000 2,500 100,000 ? 24,000 80,000 60,000 30,000 20,000 20,000 6,000 3,000 7,000 7,000 2,000 Required: Prepare a Trial Balance from the above information and determine the Capital Account Balance.

Answer rating: 100% (QA)

Here s the trial balance for Hog and Bones Steakhouse as of June 30 2020 Account Debit Credit Cash 2 View the full answer