From the ledger balances given below, prepare a trial balance for Amaro Company at June 30, 2020.

Question:

From the ledger balances given below, prepare a trial balance for Amaro Company at June 30, 2020. List the accounts in the order shown in the text. All account balances are normal. Accounts Payable $8,100, Cash $5,800, Share Capital—Ordinary $15,000, Dividends $1,200, Equipment $17,000, Service Revenue $10,000, Accounts Receivable $3,000, Salaries and Wages Expense $5,100, and Rent Expense $1,000.

Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...

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