Chase Company posted transactions (a through in the following T-accounts in December, its first month of operations. Debit Debit Cash Debit 16,800 b. 15,800 e. f. Accounts Payable 4,600 d. Credit Credit Services Revenue Credit 5,600 b. 6,600 d. 4,600 6.900 15,800 Debit Debit Debit Supplies 5,600 6,900 Common Stock Rent Expense 6,600 Credit Credit Credit
Chase Company posted transactions (a through in the following T-accounts in December, its first month of operations. Debit Debit Cash Debit 16,800 b. 15,800 e. f. Accounts Payable 4,600 d. Credit Credit Services Revenue Credit 5,600 b. 6,600 d. 4,600 6.900 15,800 Debit Debit Debit Supplies 5,600 6,900 Common Stock Rent Expense 6,600 Credit Credit Credit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:Exercise 2-20 (Algo) Preparing a trial balance from T-accounts LO P1
Prepare its December 31 trial balance.
Totals
Chase Company
Trial Balance.
December 31
S
Debit
O S
Credit

Transcribed Image Text:Chase Company posted transactions (a through in the following T-accounts in December, its first month of operations.
a.
f.
Debit
Debit
Cash
Debit
16,800 b.
15,800 e.
f.
Accounts Payable
4,600 d.
Credit
CALL
Credit
Services Revenue.
Credit
5,600 b.
6,600 d.
4,600
6,900
15.800 e
Debit
Debit
Debit
Supplies
5,600
6,900
Common Stock
82
Rent Expense
6,600
Credit
Credit:
Credit
16,000
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