Answered step by step
Verified Expert Solution
Question
1 Approved Answer
On July 3 1 , 2 0 1 8 , the general ledger of Hills Legal Services Inc. showed these balances: Cash $ 4 ,
On July the general ledger of Hills Legal Services Inc. showed these balances: Cash $; Accounts Receivable $; Supplies $; Equipment $; Accounts Payable $; Common Shares $; and Retained Earnings $ The below journal entries were prepared for August Prepare trial balance as of August Fill in the table. Anything that has already been filled in cannot be moved or changed. You must use the numbers and phrases from the other attatched image.
Aug Entries DR CR
cash
AR
cash
CS
AP
Cash
Cash
AR
Sales
Equipment
Cash
Payable
Salaries
Rent
Advertising
Cash
Cash
AR
RE
Cash
AR
Sales
Cash
Loan
No entry
Utility
Accounts payable
Income Tax
Cash
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started