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Shown below is a trial balance for Novelty Toys, Inc., on December 31,after adjusting entries: Novelty Toys, Inc. Trial Balance December 31 Cash $ 15,350
Shown below is a trial balance for Novelty Toys, Inc., on December 31,after adjusting entries:
| Novelty Toys, Inc. | |||||||
| Trial Balance | |||||||
| December 31 | |||||||
| Cash | $ | 15,350 | |||||
| Accounts Receivable | 12,675 | ||||||
| Office Equipment | 22,200 | ||||||
| Accumulated Depreciation | $ | 5,850 | |||||
| Accounts Payable | 7,675 | ||||||
| Capital Stock | 22,350 | ||||||
| Retained Earnings | -0- | ||||||
| Dividends | 7,350 | ||||||
| Fees Earned | 44,750 | ||||||
| Salaries Expense | 15,700 | ||||||
| Advertising Expense | 3,175 | ||||||
| Depreciation Expense | 4,175 | ||||||
| $ | 80,625 | $ | 80,625 | ||||
The total debits in the After-Closing Trial Balance will equal:
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Dare To Be Different An Auditors Personal Guide To Excellence
Authors: Daniel Clark
1st Edition
1490772405, 978-1490772400
