Info-Mart Company is an investigative services firm that is owned and operated by Tom Wagner. On June
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G Info-Mart Company End-of-Period Spreadsheet For the Year Ended June 30, 2012 Adjusted 3 4 Trial Balance Dr. 20,000 47,200 7,500 4,800 270,500 6 Account Title 7 Cash 8 Accounts Receivable 9 Supplies 10 Prepaid Insurance 11 Building 12 Accumulated Depreciation–Building 13 Accounts Payable 14 Salaries Payable 15 Unearned Rent 16 Capital Stock 17 Retained Earnings 18 Dividends Cr. 55,200 6,000 1,500 3,000 75,000 180,300 50,000 19 Service Fees 500,000 25,000 20 Rent Revenue 21 Salaries Expense 22 Rent Expense 23 Supplies Expense 24 Depreciation Expense–Building 25 Utilities Expense 26 Repairs Expense 27 Insurance Expense 28 Miscellaneous Expense 350,000 62,500 12,000 6,000 4,400 3,200 2,800 5,100 846.000 29 846.000
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1 INFOMART COMPANY Income Statement For the Year Ended June 30 2012 Revenues Service fees 500000 Rent revenue 25000 Total revenues 525000 Expenses Sal...View the full answer
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Financial and Managerial Accounting Using Excel for Success
ISBN: 978-1111993979
1st edition
Authors: James Reeve, Carl S. Warren, Jonathan Duchac
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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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