create a trial balance all balances are nornal. cash $45,000 accts recievable $6,000 inventory $15,000 prepaid expenses $5,000 accts payable $12,000 unearned revenue $10,000 expenses payable $10,000 long term debt $14,000 common stock $25,000
create a trial balance all balances are nornal. cash $45,000 accts recievable $6,000 inventory $15,000 prepaid expenses $5,000 accts payable $12,000 unearned revenue $10,000 expenses payable $10,000 long term debt $14,000 common stock $25,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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create a
all balances are nornal.
cash $45,000
accts recievable $6,000
inventory $15,000
prepaid expenses $5,000
accts payable $12,000
unearned revenue $10,000
expenses payable $10,000
long term debt $14,000
common stock $25,000
the following trabsactions have occured in a company
1. company pays $1,750 in insurance for the next 3 months
2. company pays invoiced billed last month of $7,250
3. company takes delivery of $1,750 in inventory to be paid next month
4. company pays $5,250 in rent for this month
5. customer pays deposit on an order to be filled next month of $4,750
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