Prepare trail balance 1. Purchased a lot for $10,000 and a small building on a lot...
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Prepare trail balance 1. Purchased a lot for $10,000 and a small building on a lot for $25,000 2. Purchased office supplies for $500 on credit 3. Paid $200 of the $500 owed for supplies 4. Earned and received a commission of $1,500 in cash 5. Earned a commission of $2,000 to be received at a later date 6. Received $1,000 from client for commission earned earlier in the month 7. Paid $1,000 to rent equipment for Office 8. Paid $400 in wages to part-time helper 9. Record utilities expense of $500 incurred in December but not yet paid 10. Declared and paid dividend of $600 Prepare trail balance 1. Purchased a lot for $10,000 and a small building on a lot for $25,000 2. Purchased office supplies for $500 on credit 3. Paid $200 of the $500 owed for supplies 4. Earned and received a commission of $1,500 in cash 5. Earned a commission of $2,000 to be received at a later date 6. Received $1,000 from client for commission earned earlier in the month 7. Paid $1,000 to rent equipment for Office 8. Paid $400 in wages to part-time helper 9. Record utilities expense of $500 incurred in December but not yet paid 10. Declared and paid dividend of $600
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Accounting equation Assets Liabilities Equity Trial balance Account C... View the full answer
Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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