The following balances were extracted from the books of XYZ Company as of December 31, 2022: Cash
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Question:
The following balances were extracted from the books of XYZ Company as of December 31, 2022:
Cash $15,000 Accounts Receivable $10,000 Inventory $20,000 Prepaid Rent $5,000 Land $50,000 Accounts Payable $12,000 Salary Payable $2,000 Notes Payable $25,000 Common Stock $30,000 Retained Earnings $5,000 Sales Revenue $100,000 Cost of Goods Sold $40,000 Rent Expense $3,000 Salary Expense $15,000 Interest Expense $1,000
Prepare the trial balance for XYZ Company as of December 31, 2022.
Related Book For
Intermediate Accounting
ISBN: 978-0176509736
10th Canadian Edition, Volume 1
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
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