Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following balances appear in the accounts of Taylor Inc. as on July 31, 2021. The accounts are listed in alphabetical order. You are required
The following balances appear in the accounts of Taylor Inc. as on July 31, 2021. The accounts are listed in alphabetical order. You are required to prepare the Trial Balance for WS Inc. as on June 30, 2021 with accounts in proper sequence. (Suggested time: 10min) Amount Balance Accounts Payable $27,840 Accounts Receivable $32,000 Cash $36,200 Common Shares $14,050 Dividends $9,900 $2,300 Interest Expense Land $41,140 Loan Payable $38,000 Retained Earnings Salary Expense $29,000 $11,300 $7,500 Sales Revenue Service Revenue $19,900 Utilities Expense $3,450 Note: Debits first, Credits second, DO NOT use commas or dollar signs in your answers (e.g. 2750, NOT $2,750). Taylor Inc. TRIAL BALANCE 30-Jul-21 Particulars Debit Credit . TOTAL
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started