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
Chapter7: Accounting Information Systems
Section: Chapter Questions
Problem 4PA: Use the journals and ledgers that follow. Total the journals. Post the transactions to the...
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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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4a6ce481-8e10-4fa9-87f1-1016da64fd41%2F98cabbe5-fc9f-4e60-a910-7e90c44a06d2%2Fwaykesj_processed.jpeg&w=3840&q=75)
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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