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Ex pens e, $7,250. Required:
Prepare a trial balanc e with the lis t of ac c ounts in the following order: as s ets , liabilities , s toc k holders ’
equity , rev enues , and ex pens es . (The item s in the Trial Balance should be grouped as follows:
Assets, Liabilities, Equity, Revenues, and Expenses.) SOONER COMPANY
Cas h Debit
$ Prepaid rent Credit 2,930
6,200 Ac c ounts pay able 3,440 Common s toc k 28,180 Serv ic e rev enue 23,900 Salaries ex pens e 7,190 Ac c ounts rec eiv able 5,000 Land 50,300 Unearned rev enue 1,650 Retained earnings 21,700 Supplies ex pens e 7,250
$ Totals 28,570 $ 129,170 * Red t ext in d ic at es n o res p on s e was exp ec t ed in a c ell or a formu lab as ed c alc u lat ion is in c orrec t ; n o p oin t...
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This note was uploaded on 01/28/2013 for the course CGS 2100 taught by Professor Abdallah during the Spring '08 term at University of Central Florida.
- Spring '08