Question
Below are the account balances of Bruins Company at the end of November, Prepare a trial balance and determine the balance in the Equipment account.
Below are the account balances of Bruins Company at the end of November, Prepare a trial balance and determine the balance in the Equipment account.
Account Balance Account Balance
Cash $40,000 Common Stock $ 50,000
Accounts Receivable 50,000 Retained Earnings 35,000
Supplies 1,100 Dividends 1,100
Prepaid Rent 3,000 Service Revenue 65,000
Equipment ? Salaries Expense 30,000
Account Payable 17,000 Rent Expense 12,000
Salaries Payable 5,000 Interest Expense 3,000
Interest Payable 3,000 Supplies Expense 7,000
Deferred Revenue 9,000 Utilities Expense 6,000
Notes Payable 30,000
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