PA16. LO 4.4Prepare an adjusted trial balance from the following account information, and also considering the adjustment data provided (assume accounts have normal balances). Equipment was recently purchased, so there is neither depreciation expense nor accumulated depreciation. Accounts payableAccounts receivable$26,0008,00029,00033,0009,00068,00029,00042,0002,00075,0005,0004,000CashCommon stockDividendsEquipmentNotes payable (due next month)Salaries expenseSalaries payableService revenueSuppliesTransportation expense

Unadjusted trial balance includes both temporary accounts and permanent accounts. All expenses,…

4Prepare an adjusted trial balance from the following account information, and also considering the adjustment data provided (assume accounts have normal balances). Equipment was recently purchased, so there is neither depreciation expense nor accumulated depreciation.

4Prepare an adjusted trial balance from the following account information, and also considering the adjustment data provided (assume accounts have normal balances). Equipment was recently purchased, so there is neither depreciation expense nor accumulated depreciation.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

PA16.

LO 4.4Prepare an adjusted trial balance from the following account information, and also considering the adjustment data provided (assume accounts have normal balances). Equipment was recently purchased, so there is neither depreciation expense nor accumulated depreciation.

Accounts payable
Accounts receivable
$26,000
8,000
29,000
33,000
9,000
68,000
29,000
42,000
2,000
75,000
5,000
4,000
Cash
Common stock
Dividends
Equipment
Notes payable (due next month)
Salaries expense
Salaries payable
Service revenue
Supplies
Transportation expense

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