Using the following information, prepare a trial balance. Assume all asset, dividend, and expense accounts have...
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Using the following information, prepare a trial balance. Assume all asset, dividend, and expense accounts have debit balances and all liability, stockholders' equity, and revenue accounts have credit balances. List the accounts in the following order: assets, liabilities. stockholders' equity, dividends, revenues, and expenses. Cash Salaries Payable Prepaid Rent Accounts Payable Retained Earnings Salaries Expense Totals Accounts $6,050 600 800 1,950 1,750 2,900 Trial Balance Dividends Rent Expense Accounts Receivable Common Stock Service Revenue Advertising Expense Debit Credit $ 400 1,950 4,300 6,100 7,000 1,000 Using the following information, prepare a trial balance. Assume all asset, dividend, and expense accounts have debit balances and all liability, stockholders' equity, and revenue accounts have credit balances. List the accounts in the following order: assets, liabilities. stockholders' equity, dividends, revenues, and expenses. Cash Salaries Payable Prepaid Rent Accounts Payable Retained Earnings Salaries Expense Totals Accounts $6,050 600 800 1,950 1,750 2,900 Trial Balance Dividends Rent Expense Accounts Receivable Common Stock Service Revenue Advertising Expense Debit Credit $ 400 1,950 4,300 6,100 7,000 1,000
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Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
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