McGraw-Hill Connect _ Student Performancej

Required prepare a trial balanc e with the lis t of

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: s 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 Trial Balance April 30 Accounts 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...
View Full Document

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.

Ask a homework question - tutors are online