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QUESTION THREE - TRIAL BALANCE - 15 MARKS Thermo HVAC is a heating and air conditioning service business. On December 31, 2020, after its first
QUESTION THREE - TRIAL BALANCE - 15 MARKS Thermo HVAC is a heating and air conditioning service business. On December 31, 2020, after its first month of business, Thermo HVAC had the following balances in its accounts, listed alphabetically. Accounts receivable 4, 100 Accounts payable 22, 000 Advertising expense 1,600 Building 17,000 Cash ??? Jack Thermo, Capital 45, 000 Jack Thermo, Withdrawals 1, 800 Equipment 1, 800 Land 67,000 Note payable 58, 000 Salary expense 1, 800 Service revenue 62,000 Supplies 2, 900 Utilities expense 4, 200 Determine the balance in the cash account and prepare a trial balance using proper format. ANSWER SHEET - QUESTION THREE - TRIAL BALANCE - 15 MARKS Account Number Account Title Debit Credit
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