Based on the transactions posted to T accounts in E3 18, create an unadjusted trial balance for Tongo, Inc for the month ended January 31 Distinguish the balance sheet and income statement accounts as shown in Exhibit 3 9 Cash (A) Accounts Payable (L) Common Stock (SE) Jan 10,000 9 500 5,000 Jan I ...

TONGO INC Unadjusted Trial Balance At January 31 Cash Accounts Receivab ...

Based on the transactions posted to T- accounts in E3- 18, create an unadjusted trial balance for

Question:

Based on the transactions posted to T- accounts in E3- 18, create an unadjusted trial balance for Tongo, Inc. for the month ended January 31. Distinguish the and income statement accounts as shown in Exhibit 3.9.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...