Using the trial balance given below, prepare an incomestatement. Credit Cash S 68,000 Accounts Receivable.. inventory 216,000
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Credit Cash S 68,000 Accounts Receivable.. inventory 216,000 90,000 200,000 Building . Accounts Payable.S Loan Payable Capital Stock Dividends Sales Revenue S 150,000 270,000 250,000 17,000 370,000 ..244,000 54,000 25,000 S1,040,000 Utilities Expense 3 Totals 1040,000
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Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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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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