Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The adjusted trial balance as at 30 June 2020 below has a missing account balance. Cash at Bank Accounts Receivable Office Equipment Accumulated Depreciation

image text in transcribed

The adjusted trial balance as at 30 June 2020 below has a missing account balance. Cash at Bank Accounts Receivable Office Equipment Accumulated Depreciation - Office Equipment Capital Service Revenue Depreciation Expenses Salary Expense Debit $ Credit $ 72,000 12,500 15,000 3,000 80,000 32,500 3,000 18,000 120,500115,500 The missing account and its balance could be: a. Bank Loan: Debit Balance $5,000 b. Accounts Payable: Credit Balance $5,000 c. Unearned Revenue: Debit Balance $5,000 d. Supplies: Credit Balance $5,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

3rd edition

9780077506902, 78025540, 77506901, 978-0078025549

More Books

Students also viewed these Accounting questions

Question

What is a verb?

Answered: 1 week ago