The accounts in the ledger of Longoria Delivery Service contain the following balances on July 31, 2014.
Question:
The accounts in the ledger of Longoria Delivery Service contain the following balances on July 31, 2014.
Instructions
Prepare a trial balance with the accounts arranged as illustrated in the chapter and fill in the missing amount forCash.
Transcribed Image Text:
1,968 961 10,610 700 42,000 4,428 815 Accounts Receivable 7,642 Prepaid Insurance Accounts Payable 8,396 Maintenance and Repairs Expense Service Cash Equipment Gasoline Expense Utilities Expense Notes Payable Revenue 49,360 Owner's Drawings 758 523 17,000 Owner's Capital Salaries and Wages Expense Salaries and Wages Payable
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LONGORIA DELIVERY SERVICE Trial Balance July 31 2014 Debit Credit Cash ...View the full answer
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Related Book For
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
Question Posted:
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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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