From the ledger balances below, prepare a trial balance for Evans Ltd at 30 June 2016. All
Question:
From the ledger balances below, prepare a trial balance for Evans Ltd at 30 June 2016. All account balances are normal.
Transcribed Image Text:
Accounts Payable Cash Share Capital Dividends Equipment $ 8650 6400 30 000 2 200 23 000 Service Revenue Accounts Receivable Salaries Expense Rent Expense $11500 5600 9000 3950
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
Trial Balance of Evans Ltd as at 30 June 2016 Account Debit Credit Cash 64...View the full answer
Answered By
Maurat Ivan
I have been working in the education and tutoring field for the past five years, and have gained a wealth of experience and knowledge in this area. I have a bachelor's degree in education, and have completed additional coursework in teaching and tutoring.
In my previous roles, I have worked as a teacher in both private and public schools, teaching a variety of subjects including math, science, and English. I have also worked as a private tutor, providing one-on-one tutoring to students in need of additional support and guidance.
In my current role, I work as an online tutor, providing virtual tutoring services to students around the world. I have experience using a variety of online tutoring platforms and technologies, and am comfortable working with students of all ages and skill levels.
I am passionate about helping students succeed and reach their full potential, and I believe that my education and tutoring experience make me an excellent candidate for a tutoring job at SolutionInn. I am confident that my knowledge, skills, and experience will enable me to provide top-quality tutoring services to students on the SolutionInn platform.
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Accounting Reporting Analysis And Decision Making
ISBN: 9780730313748
5th Edition
Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong
Question Posted:
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
Students also viewed these Business questions
-
The trial balance of Victoria Ltd at 30 June 2016 is shown . There was no movement in share capital for the year. The following adjustments are required. 1. Record income tax expense of $7500. 2....
-
From the ledger balances below, prepare a trial balance for Lyndon Company at June 30, 2012. All account balances arenormal. Service Revenue Accounts Payable $8,600 3,000 4,000 1,000 $ 1,000 Accounts...
-
From the ledger balances below, prepare a trial balance for Yeager Company at June 30, 2014. All account balances are normal. Accounts Payable.............. $ 1,000 Service Revenue ..................
-
Capital budgeting for a foreign project is considerably more complex than the domestic case. What are the factors that add complexity?
-
Create an example of a relation (containing several records) that is prone to update anomalies.
-
What is Cassandra, and what is the history of the development of Cassandra to its current state?
-
Upper specification limit of a process. An in-control, centered process that follows a normal distribution has a Cp = 2.0. How many standard deviations away from the process mean is the upper...
-
Ignacio,Inc.,hadafter-taxoperatingincomelastyearof$1,196,500.Three sources of nancing were used by the company: $2 million of mortgage bonds paying 4 percent interest, $4 million of unsecured bonds...
-
Concord Pest Control Products has the following information available: Net Income $25100 Cash Provided by Operations 32800 Cash Sales 64900 Capital Expenditures 10400 Dividends Paid 2500 What is...
-
Overview The milestone for Project One involves applying accounting principles and methods to long-term liabilities and equity. You will also evaluate these financial statement components for...
-
John Jones, a new university graduate, has just been appointed as an assistant accountant in the small business division of a public accounting practice. One of Johns first tasks is to verify the...
-
Tanya Nikolic, an introductory accounting student, believes debit balances are favourable and credit balances are unfavourable. Is Tanya correct? Discuss.
-
Discuss the duties of collecting banks.
-
As a job candidate in what way can I apply digital communications to ensure I thrive in the environment of recruiting by using social media for background checks
-
You hold a bond portfolio that consists of (i) a 4-year bond with a face value of $100 that pays an annual coupon of 10%, and (ii) a 2-year bond with a face value of $100 that pays an annual coupon...
-
Draw an original market equilibrium that describes the state of the market before the given scenario occurs. Clearly label both axis, label each a single supply curve and a single demand curve, and...
-
Analyze tools and/or metrics that a leader or manager should use to ensure that they are aligned and working together. Evaluate leadership strategies that could be employed to foster a positive...
-
Mexico has two main government programs that transfer income to rural households. PROCAMPO , which pays a set amount per acre to farmers who grew basic grains in a base year prior to the elimination...
-
Evaluate the following definite integrals using the Fundamental Theorem of Calculus. ds
-
What do you think?
-
Explain how a firms objectives may affect its search for opportunities.
-
Specifically, how would various company objectives affect the development of a marketing mix for a new type of Internet browser software? If this company were just being formed by a former programmer...
-
Explain how a firms resources may limit its search for opportunities. Cite a specific example for a specific resource.
-
THIS IS ONE QUESTION WITH TWO PARTS. PLEASE ANSWER COMPLETELY AND SHOW ALL WORK. (NO EXCEL) Information for Question 1: State Probability Retum on A Return on B Return on C Retum on Portfolio X Boom...
-
Direct materials (5.0 Ibs. @ $5.00 per Ib.) Direct labor (2.0 hrs. @ $13.00 per hr.) Overhead (2.0 hrs. @ $18.50 per hr.) Total standard cost $25.00 26.00 37.00 $88.00 The predetermined overhead rate...
-
Problem 1-28 (Algo) (LO 1-4, 1-5, 1-6b 1-7) Harper, Inc., acquires 40 percent of the outstanding voting stock of Kinman Company on January 1, 2020, for $316,100 in cash. The book value of Kinman's...
Study smarter with the SolutionInn App