Question: Use the data to set up a Trial Balance and answer the 5 question 1. Total credits $ 2. Building/Equipment $ 3. Net income $

Use the data to set up a Trial Balance and answer the 5 question 1. Total credits $ 2. Building/Equipment $ 3. Net income $ 4. Ending retained earnings $ 5. Total Assets $ Cash Accounts receivable Supplies Prepaid rent Building & Equipment Accounts payable Salaries payable Interest payable Deferred revenue Notes payable Common stock Retained earnings Dividends Service revenue Salaries expense Rent expense Interest expense Supplies expense Utilities expense Advertising expense $80,000 100,000 2,000 5,000 ? 60,000 40,000 1,000 30,000 350,000 400,000 300,000 60,000 950,000 450,000 33,000 6,000 7,000 20,000 150,000
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
