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Unformatted text preview: y , 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
$ Ac c ounts rec eiv able Credit 2,930
5,000 Prepaid rent 6,200 Land 50,300 Ac c ounts pay able 3,440 Unearned rev enue 1,650 Common s toc k 28,180 Retained earnings 21,700 Serv ic e rev enue 23,900 Supplies ex pens e 7,250 Salaries ex pens e Totals 7,190
$ 78,870 Explanation:
No further explanation details are available for this problem. $ 78,870...
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- Spring '08