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91,800 Total Prepare: 1. Income Statement 2. Balance Sheet for the year July 2022. State the steps for the solution

91,800 Total Prepare: 1. Income Statement 2. Balance Sheet for the year July 2022. State the steps for the solution

FINANCIAL ACCOUNTING
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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F Samer's company provided the following Trail Balance: TITLES OF LEDGER ACCOUNTS Capital Furniture Cash Accounts Payable Accounts Receivable Drawings Advertising Expenses Car for delivery Salaries Paragraph Loan Rent received Land and Building Bills outstanding Computer and software Debit 11,600 16,400 4,600 3,500 1,500 7,000 2,900 24,500 2,300 6,400 1,200 Plant and Machinery Prepaid rent sales Notes payable Cost of Goods Sold Stock (Inventory) Total Prepare: 1. Income Statement 2. Balance Sheet for the year July 2022. State the steps for the solution 6,900 3,000 91,800 Credit 31,900 8,700 12,500 1,400 2,000 34,700 600 91,800 Styles
Transcribed Image Text:F Samer's company provided the following Trail Balance: TITLES OF LEDGER ACCOUNTS Capital Furniture Cash Accounts Payable Accounts Receivable Drawings Advertising Expenses Car for delivery Salaries Paragraph Loan Rent received Land and Building Bills outstanding Computer and software Debit 11,600 16,400 4,600 3,500 1,500 7,000 2,900 24,500 2,300 6,400 1,200 Plant and Machinery Prepaid rent sales Notes payable Cost of Goods Sold Stock (Inventory) Total Prepare: 1. Income Statement 2. Balance Sheet for the year July 2022. State the steps for the solution 6,900 3,000 91,800 Credit 31,900 8,700 12,500 1,400 2,000 34,700 600 91,800 Styles
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