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hi. can you please explain how did you get the cash? Scott's Tax Services had the following accounts and account balances after adjusting entries. Assume
hi. can you please explain how did you get the cash?
Scott's
Tax Services had the following accounts and account balances after adjusting entries. Assume all accounts have normal balances.
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Prepare the adjusted trial balance for
Scott's
Tax Services as of December 31,
2024.
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Part 1
Scott's Tax Services | |||
Adjusted Trial Balance | |||
December 31, 2024 | |||
Balance | |||
Account Title | Debit | Credit | |
Cash | |||
Accounts Receivable | 3,450 | ||
Office Supplies | 100 | ||
Equipment | 13,000 | ||
Accumulated DepreciationEquipment | 2,100 | ||
Land | 17,000 | ||
Accounts Payable | 4,100 | ||
Utilities Payable | 250 | ||
Unearned Revenue | 1,500 | ||
Common Stock | 22,600 | ||
Dividends | 29,000 | ||
Service Revenue | 75,000 | ||
Salaries Expense | 5,000 | ||
Depreciation ExpenseEquipment | 1,600 | ||
Supplies Expense | 1,200 | ||
Utilities Expense | 1,450 | ||
Total |
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