Below are the account balances of Bruins Company at the end of November. Required: Prepare a trial
Question:
Below are the account balances of Bruins Company at the end of November.
Required:
Prepare a trial balance by placing amounts in the appropriate debit or credit column and determining the balance of the Equipment account?
Transcribed Image Text:
Balances $30,000 40,000 1,000 2,000 Balances $40,000 25,000 1,000 55,000 20,000 11,000 2,000 6,000 5,000 Accounts Accounts Receivable Supplies Prepaid Rent Equipment Accounts Payable Salaries Payable Interest Payable Unearned Revenue Notes Payable Accounts Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Rent Expense Interest Expense Supplies Expense Utilities Expense 16,000 4,000 2,000 8,000 20,000
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Given Data BRUINS COMPANY Trial Balance November 30 Account Title Balances Cash 30000 Accounts ...View the full answer
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Related Book For
Financial Accounting
ISBN: 9780078110825
2nd Edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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