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Create a balance sheet, from this Trail Balance Account Name Debit Credit Cash $ 3,321 Accounts Receivable 4,982 Merchandise Inventory 8,644 Prepaid Insurance 900 Van
Create a balance sheet, from this Trail Balance
Account Name | Debit | Credit | ||
Cash | $ 3,321 | |||
Accounts Receivable | 4,982 | |||
Merchandise Inventory | 8,644 | |||
Prepaid Insurance | 900 | |||
Van | 15,988 | |||
Accumulated Depreciation | $ 3,755 | |||
Accounts Payable | 2,347 | |||
Wages Payable | 750 | |||
Long-term Notes Payable | 11,866 | |||
Capital Stock | 5,500 | |||
Retained Earnings | 9,082 | |||
Dividends | 650 | |||
Sales | 18,677 | |||
Sales Returns | 1,622 | |||
Interest Revenue | 97 | |||
Cost of Goods Sold | 9,233 | |||
Freight-In | 621 | |||
Wages Expense | 3,850 | |||
Gas Expense | 942 | |||
Insurance Expense | 640 | |||
Interest Expense | 138 | |||
Income Taxes Expense | 543 | |||
Total Balances | $ 52,074 | $ 52,074 |
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