2 Hagadorn Company has the following adjusted accounts and balances at year-end (June 30):Accounts payableAccounts receivableAccrued expenses payableAccumulated depreciationBuildings and equipmentCashContributed capitalCost of salesDepreciation expenseDeferred fees revenueIncome taxes expenseAccount Titles$360530270360Total1,950340620890260130300Income taxes payableInterest expenseInterest revenueInventoriesLandLong-term debtPrepaid expensesSalaries expenseSales revenueRent expenseRetained earningsPrepare an adjusted trial balance in good form for Hagadorn Company at June 30.HAGADORN COMPANYAdjusted Trial BalanceAt June 30, Current YearDebit$Credit0 $$090901708208501,680207503,500570190

Trial Balance is the report showing the closing balance of all the ledger accounts in a business. It…

Hagadorn Company has the following adjusted accounts and balances at year-end (June 30): Accounts payable Accounts receivable Accrued expenses payable Accumulated depreciation Buildings and equipment Cash Contributed capital Cost of sales Depreciation expense Deferred fees revenue Income taxes expense $360 530 270 360 Account Titles Income taxes payable Interest expense Interest revenue Inventories Land Long-term debt Prepaid expenses Salaries expense 1,950 340 620 890 260 130 300 Retained earnings Sales revenue Rent expense Prepare an adjusted trial balance in good form for Hagadorn Company at June 30. HAGADORN COMPANY Adjusted Trial Balance At June 30, Current Year Debit $ Credit 90 90 170 820 850 1,680 20 750 3,500 570 190

Hagadorn Company has the following adjusted accounts and balances at year-end (June 30): Accounts payable Accounts receivable Accrued expenses payable Accumulated depreciation Buildings and equipment Cash Contributed capital Cost of sales Depreciation expense Deferred fees revenue Income taxes expense $360 530 270 360 Account Titles Income taxes payable Interest expense Interest revenue Inventories Land Long-term debt Prepaid expenses Salaries expense 1,950 340 620 890 260 130 300 Retained earnings Sales revenue Rent expense Prepare an adjusted trial balance in good form for Hagadorn Company at June 30. HAGADORN COMPANY Adjusted Trial Balance At June 30, Current Year Debit $ Credit 90 90 170 820 850 1,680 20 750 3,500 570 190

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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