Question
Posting refers to the process of transferring information from: A trial balance to Adjustment column General ledger accounts to a journal Journal to a worksheet
Posting refers to the process of transferring information from:
A trial balance to Adjustment column | ||
General ledger accounts to a journal | ||
Journal to a worksheet | ||
A general journal to the general ledger accounts
|
Following is an extract of account balances of Wilson Mowing Services as of December 31 of the first year of operation. What is the amount of total assets at the end of the year?
Accounts receivable | $ 5,000 |
Accounts payable | 4,000 |
Salary expense | 5,000 |
Repairs expense | 1,000 |
Truck | 10,000 |
Equipment | 8,000 |
Notes payable | 8,200 |
Cash | 7,500 |
Supplies expense | 1,600 |
Service revenue | 32,000 |
Gasoline expense | 3,800 |
Salary payable | 200 |
$15,000 | ||
$30,500 | ||
$18,000 | ||
$25,500 |
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