The accounts in the ledger of Overnite Delivery Service contain the following balances on July 31, 2017.
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Instructions
Prepare a trial balance with the accounts arranged as illustrated in the chapter and fill in the missing amount forCash.
Transcribed Image Text:
Accounts Receivable 7,642 Prepaid Insurance Accounts Payable Cash 1,968 961 10,610 700 42,000 4,428 815 8,396Maintenance and Repairs Expense Service Revenue 49,360Owner's Drawings Equipment Gasoline Expense Utilities Expense Notes Payable 758 523 17,000 Owner's Capital Salaries and Wages Expense Salaries and Wages Payable
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OVERNITE DELIVERY SERVICE Trial Balance July 31 2017 Debit Credit Cash 78821 Debit total w...View the full answer
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Related Book For
Accounting Principles
ISBN: 978-1118875056
12th edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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