Jackson, Inc. Adjusted Trial Balance 12/31/2020 Dr. Cr. Cash 25,000 Accounts Receivable 18,000 Office Supplies 24,000 Prepaid
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Jackson, Inc.
Adjusted Trial Balance
12/31/2020
Dr. | Cr. | |||
Cash | 25,000 | |||
Accounts Receivable | 18,000 | |||
Office Supplies | 24,000 | |||
Prepaid Rent | 36,000 | |||
Equipment | 245,000 | |||
Accumulated Depreciation | 20,000 | |||
Accounts Payable | 11,000 | |||
Wages Payable | 8,000 | |||
Unearned Revenue | 7,000 | |||
Long-Term Debt | 9,000 | |||
Common Stock | 1,000 | |||
Additional Paid in Capital (APIC) | 4,000 | |||
Retained Earnings | 225,000 | |||
Dividends | 22,000 | |||
Sales Revenue | 100,000 | |||
Interest Revenue | 15,000 | |||
Rent Expense | 15,000 | |||
Wage Expense | 10,000 | |||
Utilities Expense | 5,000 | |||
TOTAL | 400,000 | 400,000 |
what is jacksons 1/1/2021 balance for accumulated depreciation and will it be credit or debit and why?
what about accounts payable?
and wages payable?
Related Book For
Financial Accounting
ISBN: 978-0132889711
1st Canadian Edition
Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper
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