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Prepare a trial balance by placing amounts in the appropriate debit and credit column and determining the balance on Cash and Salaries Expense accounts. Assume
Prepare a trial balance by placing amounts in the appropriate debit and credit column and determining the balance on Cash and Salaries Expense accounts. Assume net income for the period is $3,500.
The accounts in the ledger of Sun Delivery Service contain the following balances by end of July:
Accounts Receivable Accounts Payable Cash Common Stock Dividends Equipment Gasoline and Oil Expense Insurance Expense Notes Payable $ 8,000 7,900 2. 42,000 900 50,000 800 600 900 Prepaid Insurance Retained Earnings Service Revenue Salaries and Wages Expense Salaries and Wages Payable Supplies Unearned Service Revenue Maintenance and Repair Expense $ 2,000 5,000 11,000 ? 1,000 3,000 2,500 1,100
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