Question: Prepare a trial balance for Amazon.com Inc. for the month of June 20X4 based on the following account balances: Cash: $10,000 Accounts Receivable: $25,000 Inventory:

Prepare a trial balance for Amazon.com Inc. for the month of June 20X4 based on the following account balances:

  • Cash: $10,000
  • Accounts Receivable: $25,000
  • Inventory: $35,000
  • Accounts Payable: $15,000
  • Common Stock: $50,000
  • Retained Earnings: $30,000
  • Sales Revenue: $60,000
  • Cost of Goods Sold: $25,000
  • Operating Expenses: $10,000
  • Interest Expense: $2,000
  • Income Tax Expense: $5,000

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!