The following account balances were taken from the adjusted trial balance for Laser Messenger Service, a delivery
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Prepare an income statement.
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60,000 336,900 4,100 41,200 $8,650 Rent Expense Depreciation Expense Fees Earned Insurance Expense Miscellaneous Expense 674,000 Salaries Expense 1,500 Supplies Expense 3,650 Utilities Expense
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Related Book For
Financial Accounting
ISBN: 978-1305088436
14th edition
Authors: Carl S. Warren, Jim Reeve, Jonathan 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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