Question: please solve this with correct ans Yanik Financial Services Ltd. reports the following adjusted account balances, shown in alphabetical order, at the end of its

please solve this with correct ans

please solve this with correct ans Yanik Financial Services Ltd. reports the

Yanik Financial Services Ltd. reports the following adjusted account balances, shown in alphabetical order, at the end of its fiscal year, August 31, 2021: Accounts payable $ 2,750 Insurance expense $ 1,040 Accounts receivable 18,180 Interest expense 1,470 Accumulated depreciation equipment 6,180 Interest payable 1,470 Bank loan payable, due 2024 25,200 Prepaid insurance 3,560 Cash h 11,310 Rent expense 18,980 Common shares 5,110 Rent payable 1,310 Depreciation expense 2,220 Retained earnings 5,190 Deferred revenue 670 Salaries expense 20,030 Dividends declared 620 Salaries payable 2,200 Equipment 25,980 Service revenue 59,040 Income tax expense 2,010 Supplies 3,410 income tax payable 1,450 Supplies expense 1,760 All accounts have normal balances. Prepare an adjusted trial balance

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!