II.Directions: Problem Solving: Prepare Trial Balance for the accounts of Corny Enterprisesas of July 31, 201A. Write your answer in a separate sheet.Account Payable25,000Account Receivable35,200Accumulated depreciation20,0807,500Advances to EmployeesCash98,564154,462Cost of goods soldCorny Capital202,069Depreciation20,0805,600Fuel ExpenseLoans Payable150,000Marketable SecuritiesMerchandise Inventory65,887Property, Plant and Equipment100,400Salaries and wages20,500Sales187,554Taxes and licenses.2,560Taxes Payable75,0001,050

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Description: II.Directions: Problem Solving: Prepare Trial Balance for the accounts of Corny Enterprisesas of July 31, 201A. Write your answer in a separate sheet.Account Payable25,000Account Receivable35,200Accumulated depreciation20,0807,500Advances to Employe

A trial balance seems to be a statement that shows the sums, or totals of debits as well as credits,…

Business

Accounting

II. Directions: Problem Solving: Prepare Trial Balance for the accounts of Corny Enterprises as of July 31, 201A. Write your answer in a separate sheet. 25,000 35,200 Account Payable Account Receivable Accumulated depreciation Advances to Employees Cash 20,080 7,500 98,564 154,462 202,069 20,080 Cost of goods sold Corny Capital Depreciation Fuel Expense Loans Payable Marketable Securities 5,600 150,000 Merchandise Inventory 65,887 Property, Plant and Equipment 100,400 Salaries and wages 20,500 Sales 187,554 Taxes and licenses 2,560 Taxes Payable 75,000 1,050

II. Directions: Problem Solving: Prepare Trial Balance for the accounts of Corny Enterprises as of July 31, 201A. Write your answer in a separate sheet. 25,000 35,200 Account Payable Account Receivable Accumulated depreciation Advances to Employees Cash 20,080 7,500 98,564 154,462 202,069 20,080 Cost of goods sold Corny Capital Depreciation Fuel Expense Loans Payable Marketable Securities 5,600 150,000 Merchandise Inventory 65,887 Property, Plant and Equipment 100,400 Salaries and wages 20,500 Sales 187,554 Taxes and licenses 2,560 Taxes Payable 75,000 1,050

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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