ASSETS LABILITIES ECUITY Contributed Capital Retainedtarnings Service Revenue Comnon Stock 31.000 16,000 Cash Selaries Payable Salaries Expente Divdends 31,000 14.000 400 4.000 800 4.200 2,000 3,500 1,800 4,200 Netes Payable 4,000 29,000 Property Fax Expense 1,000 Advertising Expense 280 2,000 Accounts Receivable 3100 400 Land 14.00 Building 2900 16,00 Equipment

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Preparing a trial balance from T-accounts

The T-accounts of McMahon Farm Equipment Repair follow as of May 31, 2018.

Prepare McMahon Farm Equipment Repair’s trial balance as of Way 31, 2018.

ASSETS
LABILITIES
ECUITY
Contributed Capital
Retainedtarnings
Service Revenue
Comnon Stock
31.000
16,000
Cash
Selaries Payable
Salaries Expente
Divdends
31,000 14.000
400 4.000
800 4.200
2,000
3,500
1,800
4,200
Netes Payable
4,000 29,000
Property Fax Expense
1,000
Advertising Expense
280
2,000
Accounts Receivable
3100
400
Land
14.00
Building
2900
16,00
Equipment
Transcribed Image Text:ASSETS LABILITIES ECUITY Contributed Capital Retainedtarnings Service Revenue Comnon Stock 31.000 16,000 Cash Selaries Payable Salaries Expente Divdends 31,000 14.000 400 4.000 800 4.200 2,000 3,500 1,800 4,200 Netes Payable 4,000 29,000 Property Fax Expense 1,000 Advertising Expense 280 2,000 Accounts Receivable 3100 400 Land 14.00 Building 2900 16,00 Equipment
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