The following trial balance was prepared by a new employee. Required: Trial Balance Alden Company, Inc. For
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The following trial balance was prepared by a new employee.
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Required: Trial Balance Alden Company, Inc. For Year Ended November 30, 2003. Credits Debits Cash Mortgage Payable. Advertising Expense Capital Stock... Equipment Notes Payable Inventory. Wages Expense. $ 18,250 $ 78,900 9,600 102,000 36,900 187,350 148,000 87,150 Notes Receivable... 5,000 Accounts Payable 19,750 Accounts Receivable 5,300 Rent Expense 8,750 Wages Payable 9,000 Furniture 15,000 Other Expenses. 2,950 Sales Revenue. Buildings. Cost of Goods Sold. Property Tax Expense Land.... Retained Earnings 235,600 104,700 113,050 1,300 87,850 14,400 Utilties Expense. Totals. 3,200 $537,800 $756,200 Prepare the corrected company trial balance. (Assume all accounts have "normal" balances and the recorded amounts are correct.)
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Related Book For
Financial Accounting
ISBN: 9780324066708
8th Edition
Authors: W. Steven Albrecht, James D. Stice, Earl Kay Stice, K. Fred Skousen, Albrecht S.E.
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