Question
To the left of each account listed on the trial balance, indicate the financial statement that will include the account: income statement (IS), statement of
To the left of each account listed on the trial balance, indicate the financial statement that will include the account: income statement
(IS), statement of retained earnings (RE), or balance sheet (BS).
Mylar, Inc. | ||||
Trial Balance | ||||
December 31, 2016 |
|
| Account | Debit | Credit |
|
| Cash | $12,100 |
|
|
| Accounts Receivable | 1,900 |
|
|
| Supplies | 250 |
|
|
| Equipment | 6,000 |
|
|
| Accounts Payable |
| $1,830 |
|
| Notes Payable |
| 10,000 |
|
| Common Stock |
| 8,500 |
|
| Dividends | 700 |
|
|
| Service Revenues |
| 3,500 |
|
| Salaries Expense | 1,740 |
|
|
| Rent Expense | 800 |
|
|
| Utilities Expense | 340 |
|
|
| Total | $23,830 | $23,830 |
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