The accounts in the ledger of Prompt Delivery Service contain the following balances on July 31, 2020.
Question:
Instructions
Prepare a trial balance with the accounts arranged as illustrated in the chapter and fill in the missing amount for Cash.
Transcribed Image Text:
Accounts Receivable Accounts Payable $ 7,640 $ 1,968 Prepaid Insurance Maintenance and Repairs Expense 8,394 961 Cash Service Revenue Owner's Drawings Owner's Capital Salaries and Wages Expense Salaries and Wages Payable 10,610 700 Equipment 45,360 Gasoline Expense Utilities Expense Notes Payable 758 38,000 523 4,428 17,000 815
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PROMPT DELIVERY SERVICE Trial Balance July 31 2020 Debit Credit Cash 74819 Debit total without ...View the full answer
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Related Book For
Accounting Principles
ISBN: 978-1119411482
13th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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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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