Accounting Cycle Project- Solid footing 5e. Setting up Trial balance

Given - Beginning balance retained earnings 48,125

I mostly need help finding retained earnings, hot to find retained earnings and how to set up the trial balance because my numbers are not matching.

  
 
 
 
 

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Account # 100 105 110 150 155 200 205 210 215 220 250 300 305 400 500 505 510 515 520 550 Lenny's - July 31, 2021 Post-Closing Trial Balance Account Name Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Wages Payable Interest Payable Unearned Revenue Dividends Payable Note Payable Common Stock Retained Earnings Service Revenue Supplies Expense Mower Repair Expense Wages Expense Truck Rental Expense Depreciation Expense Interest Expense Totals Debit 0.00 Credit 0.00 Account # 100 105 110 150 155 200 205 210 215 220 250 300 305 400 500 505 510 515 520 550 Lenny's - July 31, 2021 Post-Closing Trial Balance Account Name Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Wages Payable Interest Payable Unearned Revenue Dividends Payable Note Payable Common Stock Retained Earnings Service Revenue Supplies Expense Mower Repair Expense Wages Expense Truck Rental Expense Depreciation Expense Interest Expense Totals Debit 0.00 Credit 0.00

Answer rating: 100% (QA)

To set up the trial balance youll need to determine the balances of each account based on the transactions provided Lets go through each transaction and update the balances accordingly 1 Borrow 350000... View the full answer