5. The trial balance below is for Company L. Cash Inventory Unearned Revenue Paid-in Capital Retained Earnings (beginning) Sales Cost of Goods Sold Rent Expense Total Debit 5,600 14,000 Compute TOTAL ASSETS. 36,000 6,800 62,400 Credit 2,400 6,000 50,000 62,400 4,000

5. The trial balance below is for Company L. Cash Inventory Unearned Revenue Paid-in Capital Retained Earnings (beginning) Sales Cost of Goods Sold Rent Expense Total Debit 5,600 14,000 Compute TOTAL ASSETS. 36,000 6,800 62,400 Credit 2,400 6,000 50,000 62,400 4,000

Name: 5. The trial balance below is for Company L.CashInventoryUnearned Rev
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Description: 5. The trial balance below is for Company L.CashInventoryUnearned RevenuePaid-in CapitalRetained Earnings (beginning)SalesCost of Goods SoldRent ExpenseTotalCompute TOTAL ASSETS.Debit5,60014,00036,0006,80062,400Credit2,4006,00050,00062.4004,000

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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