The account balances from the ledger of Yakamoto Inc. as of July 31, 2000, are listed here
Question:
The account balances from the ledger of Yakamoto Inc. as of July 31, 2000, are listed here in alphabetical order. The balance for Retained Earnings has been omitted. Prepare a trial balance, and insert the missing amount for Retained Earnings.
\begin{tabular}{|c|c|c|}
\hline Accounts Payable & $\$ 8,600$ & Fees Earned \\
\hline Accounts Receivable & 2,000 & Insurance Expense. \\
\hline Buildings. & 20,000 & 19,000 \\
\hline Capital Stock. & 10,000 & Miscellaneous Expenses \\
\hline Retained Earnings . & $?$ & Mortgage Payable (due 2003) \\
\hline Cash . & 19,600 & Salary Expense . . . . . . . . . . \\
\hline Rent Expense & 3,000 & Supplies \\
\hline Equipment. . . & 16,000 & Utilities Expense..$\ldots \ldots \ldots \ldots \ldots$........... $\chi_{1}{ }^{400}$ \\
\hline
\end{tabular}
Step by Step Answer:
Survey Of Accounting
ISBN: 9780538846172
1st Edition
Authors: James D. Stice, W. Steve Albrecht, Earl Kay Stice, K. Fred Skousen