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Required On December 31, Year 2. Morgan Company had the following normal account balances in its general ledger. Use this information to prepare a
Required On December 31, Year 2. Morgan Company had the following normal account balances in its general ledger. Use this information to prepare a trial balance. Land Unearned revenue Dividends Prepaid rent Cash Salaries expense Accounts payable $23,250 16,400 5,150 6,150 58,440 13,000 2,410 Common stock 25,500 Operating expense 15,300 Office supplies 2,050 Advertising expense 3,000 Retained Earnings, 1/1/Year 2 14,910 Service revenue 73,360 Accounts receivable 6,240
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