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Old MathJax webview AP-21A LO 5 Glent Company prepared the following trial balance at its year end of September 30, 2018. The company is owned
Old MathJax webview
AP-21A LO 5 Glent Company prepared the following trial balance at its year end of September 30, 2018. The company is owned by Wayne Glent. Glent Comnany b) Prepare a statement of owner's equity using the trial balances. AP-21A LO 5 Glent Company prepared the following trial balance at its year end of September 30, 2018. The company is owned by Wayne Glent. CR DR $14,600 6,000 6,600 2,000 40,000 Glent Company Trial Balance September 30, 2018 Account Title Cash Accounts Receivable Merchandise Inventory Prepaid Expenses Store Equipment Accumulated Depreciation--Store Equipment Accounts Payable Unearned Revenue Notes Payable Glent, Capital Glent, Withdrawals Sales Revenue Gain on Sale of Equipment Cost of Goods Sold Depreciation Expense-Store Equipment Interest Expense Advertising Expense Rent Expense-Retail Space Rent Expense-Office Space Sales Salaries Expense Office Salaries Expense Total $2,500 8,000 6,000 9,000 38,750 1,000 61,750 4,000 30,000 500 600 1,200 10,000 5,000 8,000 4500 $130,000 $130,000 Notes: b) Prepare a statement of owner's equity using the trial balances
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