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The condensed, adjusted trial balance of the Thomas and Chris Partnership as at December 31, 2024, appears below: THOMAS AND CHRIS PARTNERSHIP Adjusted Trial
The condensed, adjusted trial balance of the Thomas and Chris Partnership as at December 31, 2024, appears below: THOMAS AND CHRIS PARTNERSHIP Adjusted Trial Balance December 31, 2024 Debit Credit Current assets $35,000 Equipment 95,000 Accounts payable $17,000 Long-term debt 54,000 Thomas, capital 36,000 Thomas, drawings 280,000 Chris, capital 28.000 Chris, drawings 255,000 Service revenue 608,000 Operating expenses 78,000 $743,000 $743,000
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Olds
8th edition
978-1259569197
