Use the following account balance information to construct a trial balance: Cost of Goods Sold ........... $
Question:
Cost of Goods Sold ........... $ 9,000
Accounts Payable ........... 1,100
Paid-In Capital ............ 2,000
Cash ................. 400
Sales ................. 10,000
Dividends ............... 700
Retained Earnings (beginning) ...... 1,000
Inventory ............... 4,000
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TRIAL BALANCE Debit Credit Cash 400 Inventor...View the full answer
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Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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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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