From the following ledger balances, prepare a trial balance for the Favre Company at June 30, 2022.
Question:
From the following ledger balances, prepare a trial balance for the Favre Company at June 30, 2022. List the accounts in the order as indicated in the chapter. All account balances are normal.
Accounts Payable $7,000, Cash $5,200, Common Stock $20,000, Dividends $800, Equipment $17,000, Service Revenue $6,000, Accounts Receivable $3,000, Salaries and Wages Expense $6,000, and Rent Expense $1,000.
Step by Step Answer:
FAVRE COMPANY Trial Balance June 30 2022 Debit Credit Cash 5200 Accounts Receivable 3000 Equipmen...View the full answer
Financial Accounting
ISBN: 9781119594598
11th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Related Video
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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