Hals Auto Repair - Repair Equipment: Bal. $13,000 - 800 (5)...

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Hal’s Auto Repair Trail Balance October 31 Debit Credit Cash 2,100 Accounts Receivable 4,400 Supplies 500 Repair Equipment 12,200 Office Equipment 7.400 Accounts Payable 5,000 Common Stock 11,000 Retained Earnings 13,000 Dividends 4,800 Repair Fees Earned 11,000 Supplies Expense 8,600 Totals 40,000 40,000 Check Figures Cash:  Balance $975 + $1,000 (2) + 125 (6) = $2,100 Accounts Receivable:  Bal. $3,800 + 600 (3) = $4,400
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Unformatted text preview: Repair Equipment: Bal. $13,000 - 800 (5) = $12,200 Office Equipment: Bal. $6,600 + 800 (5) = $7,400 Accounts Payable: Bal. $4,510 + 490 (1) = $5,000 Hal Frederick, Capital: Bal. $23,000 + 1,000 (2) = $24,000 Hal Frederick, Withdrawals: Bal. $4,200 + 600 (4) = $4,800 Repair fees earned: Bal. $10,875 = 125 (6) = $11,000...
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