Given the ledger accounts of Bastoni Company as of January 31, 2020: Cash $40,500 Accounts Payable $11,000 Supplies 5,200 Rent Expense 4,100 Share Capital-Ordinary 33,200 Accounts 8,700 Receivable Notes Payable 3,500 Service Revenue 10,800 Required: 1. Compute the total of the debit side of the trial balance. (show your computation). Compute the total of the credit side of the trial balance. (show your computation). 2.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Given the ledger accounts of Bastoni Company as of January 31, 2020:
Cash
$40,500
Accounts Payable $11,000
Supplies
5,200
Rent Expense
4,100
Share Capital-Ordinary 33,200
Accounts
8,700
Receivable
Notes Payable
3,500
Service Revenue
10,800
Required:
Compute the total of the debit side of the trial balance. (show your
computation).
1.
Compute the total of the credit side of the trial balance. (show your
computation).
2.
Transcribed Image Text:Given the ledger accounts of Bastoni Company as of January 31, 2020: Cash $40,500 Accounts Payable $11,000 Supplies 5,200 Rent Expense 4,100 Share Capital-Ordinary 33,200 Accounts 8,700 Receivable Notes Payable 3,500 Service Revenue 10,800 Required: Compute the total of the debit side of the trial balance. (show your computation). 1. Compute the total of the credit side of the trial balance. (show your computation). 2.
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