Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please solve... 4000 7. The inexperienced accountant of Alsaid Repair Shop has prepared the following incorrect Trial Balance. He believes the account balances are correct,

please solve... image text in transcribed
4000 7. The inexperienced accountant of Alsaid Repair Shop has prepared the following incorrect Trial Balance. He believes the account balances are correct, but not sure if he could correctly separate the debit and credit account balances. Alsaid Repair Shop Trial Balance For the month ended on 30" April 2021 Account title Debit Credit Cash 6000 Owner's Equity 12000 Equipment Account Office Rent Expense 1000 Supplies 500 Advertising Expense 500 Account Payable 1000 Service Revenue 5500 Drawings 3000 Salaries Expense 1000 Notes Payable 3000 Utilities Expense 1500 Account Receivable 6000 Salaries Payable 2000 22500 24500 Required: You are required to prepare a correct Trial Balance of Alsaid Repair Shop. Total

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Guide To Conducting Internal Audits Of Your Management Systems

Authors: Martin Pykett

1st Edition

B099C3GPMH, 979-8538997749

More Books

Students also viewed these Accounting questions