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The balances for the accounts of Milo's Management Co. for the year ended December 31 are shown below. Each account shown had a normal balance.
The balances for the accounts of Milo's Management Co. for the year ended December 31 are shown below. Each account shown had a normal balance. $6,500 Wages Accounts Payable.... Expense......... 36,000 7,000 Rent Expense........ Accounts Receivable... 6,000 ? Retained Cash........... Earnings.. 68,700 Office Supplies. 1,200 Building........ 125,000 Supplies Expense....... Land............ 21,500 50,000 50,000 Unearned Mgt Common Stock........... Fees 4,000 175,000 Dividends Management Revenue. 48,000 Calculate the correct balance for Cash and prepare a trial balance. HTML Editor
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