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Using the information below, compile the Classified Statement of Financial Position for this business, Trinity Limited, in good form, for the month ended Sept 30,
| Using the information below, compile the Classified Statement of Financial Position for this business, | ||||||
| Trinity Limited, in good form, for the month ended Sept 30, 2020: | ||||||
| (All accounts have been listed alphabetically and have normal balances) | ||||||
| Accounts Payable | $ 13,000 | |||||
| Accounts Receivable | $ 28,890 | |||||
| Accumulated Depreciation (Truck) | $ 2,000 | |||||
| Cash | $ 44,000 | |||||
| Common Shares | $ 5,000 | |||||
| Cost of Goods Sold | $ 58,000 | |||||
| Deferred Revenues | $ 16,000 | |||||
| Depreciation Expense | $ 4,000 | |||||
| Dividends | $ 1,200 | |||||
| Merchandise Inventory | $ 4,600 | |||||
| Notes Payable (due Dec 31, 2023) | $ 5,000 | |||||
| Retained Earnings | $ 19,990 | |||||
| Revenues | $ 127,000 | |||||
| Truck | $ 20,000 | |||||
| Utilities Payable | $ 4,200 | |||||
| Wages & Salaries Expense | $ 31,500 | |||||
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Advanced Accounting
Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng
11th edition
538480289, 978-0538480284
