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Martinez Company ended its fiscal year on July 31, 2019. The company's adjusted trial balance as of the end of its fiscal year is
Martinez Company ended its fiscal year on July 31, 2019. The company's adjusted trial balance as of the end of its fiscal year is shown below. Martinez Company Adjusted Trial Balance July 31, 2019 No. Account Titles 101 Cash 112 Accounts Receivable 157 Equipment Debit Credit $11,000 8,500 16,400 158 Accumulated Depreciation-Equip. $7,900 201 Accounts Payable 4,800 208 Unearned Rent Revenue 1,800 311 Common Stock 19,000 320 Retained Earnings 28,100 332 Dividends 16,500 400 Service Revenue 64,300 429 Rent Revenue 6,900 711 Depreciation Expense 9,500 726 Salaries and Wages Expense 56,300 732 Utilities Expense 14,600 $132,800 $132,800
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