Question
The following are balances taken from Taj Company's books of accounts for the Year Ended December 31, 2019. (9 Marks) Prepare: a) Trial Balance, b)
The following are balances taken from Taj Company's books of accounts for the Year Ended December 31, 2019.(9 Marks)
Prepare: a) Trial Balance, b) Income Statement, c) Statement of Retained Earnings d) Balance Sheet
Accounts receivable
10800
Supplies
1500
Prepaid insurance
2000
Equipment
27000
Retained earnings balance
4000
Accumulated depreciation
5600
Notes payable
15000
Accounts payable
6100
Salaries and wages payable
2400
Interest payable
600
Common stock
13000
Patents & Copyrights
7000
Service revenue
61000
Dividends payable
2000
Advertising expense
8400
Supplies expense
4000
Depreciation expense
5600
Insurance expense
3500
Supplies expense
28000
Interest expense
600
Dividends declared
2000
Rent revenue
2000
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Lawrence A. Tomassini
4th Edition
0072994029, 9780072994025
