The adjusted trial balance for Salonika Marketing Co. follows. Complete the four right-most columns of the table
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Closing Entry Information Post-Closing Trial Balance No. Account Titde Trial Balance r. r. 10 Cash. . 06 Accounts receivable 153 Equipment 154 Accumulated depreciation-Equipment 193 Franchise .$ 9,200 25,000 42,000 $17,500 31,000 15,000 4,200 3,600 68,500 233 Unearned fees 30 E Salonika, Capital.. 15,400 401 Marketing fees earned . 6 Depreciation expense Equipment 622 Salaries expense 640 Rent expense 617 Miscellaneous expenses ...- 90 Income summary 80,000 2,000 32,500 3,000 8,700
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Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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