Sturge Technology Services Ltd. reports the following adjusted account balances, shown in alphabetical order, at the end
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Sturge Technology Services Ltd. reports the following adjusted account balances, shown in alphabetical order, at the end of its fiscal year, March 31, 2018:
Accounts payable | $2,840 | Interest expense | $1,450 |
Accounts receivable | $19,775 | Interest payable | $1,290 |
Accumulated depreciation-equipment | $5,705 | Prepaid insurance | $3,530 |
The bank loan payable, due 2021 | $24,800 | Rent expense | $18,570 |
Cash | $7,450 | Rent payable | $1,250 |
Common shares | $4,990 | Retained earnings | $5400 |
Depreciation expense | $2,195 | Salaries expense | $18,550 |
Dividends declared | $240 | Salaries payable | $2,170 |
Equipment | 25,500 | Service revenue | $54,865 |
Income tax expense | 2,080 | Supplies | $3,460 |
Income tax payable | $1,490 | Supplies expense | $1,730 |
Insurance expense | $960 | Unearned revenue | $690 |
Prepare an adjusted trial balance.
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118644942
6th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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