PA16. LO 4.4 Prepare an adjusted trial balance from the following account information, and also considering the adjustment data provided (assume accounts have normal balances). Equipment was recently purchased, so there is neither depreciation expense nor accumulated depreciation. $26,000 8,000 29,000 33,000 9,000 68,000 29,000 42,000 2,000 75,000 5,000 4,000 Accounts payable Accounts receivable Cash Common stock Dividends Equipment Notes payable (due next month) Salaries expense Salaries payable Service revenue Supplies Transportation expense Adjustments needed: • Remaining unpaid Salaries due to employees at the end of the period, $0 • Accrued Interest Payable at the end of the period, $7,700

PA16. LO 4.4 Prepare an adjusted trial balance from the following account information, and also considering the adjustment data provided (assume accounts have normal balances). Equipment was recently purchased, so there is neither depreciation expense nor accumulated depreciation. $26,000 8,000 29,000 33,000 9,000 68,000 29,000 42,000 2,000 75,000 5,000 4,000 Accounts payable Accounts receivable Cash Common stock Dividends Equipment Notes payable (due next month) Salaries expense Salaries payable Service revenue Supplies Transportation expense Adjustments needed: • Remaining unpaid Salaries due to employees at the end of the period, $0 • Accrued Interest Payable at the end of the period, $7,700

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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