Prepare the current asset section based on the following alphabetized post-closing trial balance information at March 31,
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Prepare the current asset section based on the following alphabetized post-closing trial balance information at March 31, 2020, for White Eagle Company:
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Debits Credits Account $ 7,000 Accounts payable.. Accounts receivable.. Accumulated depreciation. Cash Isaac Whiteagle, capital. Notes payable, due 2026. Petty cash. Prepaid rent. Property, plant, and equipment. Unearned revenue. $ 4,500 9,900 15,000 25,800 14,000 600 3,200 8,000 4,600
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Related Book For
Fundamental Accounting Principles Volume I
ISBN: 978-1260305821
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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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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