The following account balances were taken from the adjusted trial balance for Admiral Messenger Service, a delivery
Question:
Prepare an incomestatement.
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$ 5,000 Rent Expense Depreciation Expense Fees Earned Insurance Expense Miscellaneous Expense 375,500 1,500 1,250 Salaries Expense Supplies Expense Utilities Expense S 43,400 125,600 2,750 11,500
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Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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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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