From the following ledger balances, prepare a trial balance for the Lily Company at June 30, 2022. All account balances are normal. Accounts Payable $9,600, Cash $7,200, Owner's Capital $16,400, Owner's Drawings $2,700, Equipment $16,900, Service Revenue $11,500, Accounts Receivable $4,500, Salaries and Wages Expense $3,700, and Rent Expense $2,500. LILY COMPANY Trial Balance $ Debit Credit
From the following ledger balances, prepare a trial balance for the Lily Company at June 30, 2022. All account balances are normal. Accounts Payable $9,600, Cash $7,200, Owner's Capital $16,400, Owner's Drawings $2,700, Equipment $16,900, Service Revenue $11,500, Accounts Receivable $4,500, Salaries and Wages Expense $3,700, and Rent Expense $2,500. LILY COMPANY Trial Balance $ Debit Credit
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter3: The Double-entry Framework
Section: Chapter Questions
Problem 4CE: The following accounts have normal balances. Prepare a trial balance. Accounts Payable, 20; Accounts...
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