Question
The adjusted 12/31/21 Trial Balance for Luna Corporation included these accounts and balances. No other accounts existed. Retained Earnings (1/1/21) $100 Salaries Expense $17 Accounts
The adjusted 12/31/21 Trial Balance for Luna Corporation included these accounts and balances. No other accounts existed.
Retained Earnings (1/1/21) $100
Salaries Expense $17
Accounts Payable $35
Common Stock $55
Cash $40
Accounts Receivable $8
Unearned Service Revenue $15
Salaries Payable $12
Dividends $25
Prepaid Insurance $4
Depreciation Expense: Equipment $16
Cleaning Supplies $19
Service Revenue $140
Accumulated Depreciation: Equipment $110
Cleaning Supplies Expense $58
Equipment $280
Required:
a) Determine the total of the Adjusted Trial Balance columns:
I came up with $467
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started