Use the following adjustment data on July 31 to complete a partial worksheet up to the adjusted
Question:
Use the following adjustment data on July 31 to complete a partial worksheet up to the adjusted trial balance (see Figure 4.21 ).
a. Fitness supplies on hand, $1,700.
b. Depreciation taken on fitness equipment, $1,000.
Transcribed Image Text:
JAMES'S FITNESS CENTER TRIAL BALANCE JULY 31, 201X Account Titles Dr. Cr. Cash in Bank 750000 Accounts Receivable 540000 Fitness Supplies Fitness Equipment 510000 970000 Accumulated Depreciation, Fitness Equipment 630000 J. Wickers, Capital 975000 J. Wickers, Withdrawals 275000 Fitness Fees 15 30000 75000 15000 31 35000 3135000 Rent Expense Advertising Expense Totals
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Related Book For
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
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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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