The accounts in the ledger of Time Is Money Delivery Service contain the following balances on July
Question:
The accounts in the ledger of Time Is Money Delivery Service contain the following balances on July 31, 2022.
Instructions
Prepare a trial balance with the accounts arranged as illustrated in the chapter and fill in the missing amount for Cash.
Transcribed Image Text:
Accounts Receivable $10,642 Prepaid Insurance $ 1,968 Accounts Maintenance and Payable 8,396 Repairs Expense 961 Cash ? Service Revenue 10,610 Equipment 49,360 Dividends 700 Gasoline
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TIME IS MONEY DELIVERY SERVICE Trial Balance July 31 2022 Debit Credit Cash 9...View the full answer
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Related Book For
Financial Accounting
ISBN: 9781119594598
11th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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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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