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The adjusted trial balance of William Cooper Co. as of December 31, 2020, contains the following. WILLIAM COOPER CO. ADJUSTED TRIAL BALANCE DECEMBER 31, 2020
The adjusted trial balance of William Cooper Co. as of December 31, 2020, contains the following.
| WILLIAM COOPER CO. ADJUSTED TRIAL BALANCE DECEMBER 31, 2020 | ||||||
|---|---|---|---|---|---|---|
| Debit | Credit | |||||
| Cash | $19,792 | |||||
| Accounts Receivable | 7,240 | |||||
| Prepaid Rent | 2,600 | |||||
| Equipment | 18,370 | |||||
| Accumulated Depreciation-Equipment | $5,215 | |||||
| Notes Payable | 6,020 | |||||
| Accounts Payable | 5,792 | |||||
| Common Stock | 20,320 | |||||
| Retained Earnings | 11,630 | |||||
| Dividends | 3,320 | |||||
| Service Revenue | 11,910 | |||||
| Salaries and Wages Expense | 7,160 | |||||
| Rent Expense | 2,234 | |||||
| Depreciation Expense | 171 | |||||
| Interest Expense | 109 | |||||
| Interest Payable | 109 | |||||
| $60,996 | $60,996 | |||||
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