fore we loel conr ADT!NTL At September 30, Balance Corporation reported the following unadjusted amounts for its accounts, each of which is considered to be a "normal" balance. That is, an account that normally has a debit balance actually does have a debit balance. Prepare an unadjusted trial balance. Then prepare an Income Statement and Statement of Retained Earnings and a Balance Sheet. Accounts Payable Accounts Receivable $12,000 1,000 Advertising Expense 400 Cash 85,000 64,000 60,000 36,000 42,000 24,800 1,400 600 Contributed Capital Equipment Note Payable Rent Revenue Retained Earnings Supplies Supplies Expense Utilities Expense Wages Expense 22 ndon0 0 2,000 28,400 frckog wn i
fore we loel conr ADT!NTL At September 30, Balance Corporation reported the following unadjusted amounts for its accounts, each of which is considered to be a "normal" balance. That is, an account that normally has a debit balance actually does have a debit balance. Prepare an unadjusted trial balance. Then prepare an Income Statement and Statement of Retained Earnings and a Balance Sheet. Accounts Payable Accounts Receivable $12,000 1,000 Advertising Expense 400 Cash 85,000 64,000 60,000 36,000 42,000 24,800 1,400 600 Contributed Capital Equipment Note Payable Rent Revenue Retained Earnings Supplies Supplies Expense Utilities Expense Wages Expense 22 ndon0 0 2,000 28,400 frckog wn i
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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