Mandy Arnold opened a "law ofce, Mandy Arnold, Attorney at Law, on July 1, 2014.
Won July 31, the statement of nancial position showed Cash $4,000, Accounts Receivable
$1, 500, Supplies $500, Equipment $5, 000, Accounts Payable $4, 200, Share Ca
The trial balances before and after adjustments for Old Julian Company at the end of its fiscal
year are presented below.
Old Julian Company
September 30, 2014
Before Adjustment After Adjustment
Dr. Cr. Dr. Cr.
Cash $ 15,080 $ 15,080
chapter 2 review
Account: an accounting record of increases and decreases in a
specific asset, liability or equity item.
An account consists of three parts: 1) Account title. 2) left or Debit
side. 3) right or Credit side.