Prepare a properly-formatted Trial Balance for Iglesias Industries for the month ending the last day of September, 2020, utilizing the following accounts, all of which have "normal balances, i.e. on the side (debit or credit) that you would expect: Accounts Payable $10,000 Accounts Receivable $20,000 Advertising Expense $3,000 Cash $10,000 Equipment $25,000 Fuel Expense $5,000 Iglesias Industries, Capital $30,000 Iglesias Industries, Drawing $5,000 Land $25,000 Trucking Revenue $50,000 Utilities Frnense
Prepare a properly-formatted Trial Balance for Iglesias Industries for the month ending the last day of September, 2020, utilizing the following accounts, all of which have "normal balances, i.e. on the side (debit or credit) that you would expect: Accounts Payable $10,000 Accounts Receivable $20,000 Advertising Expense $3,000 Cash $10,000 Equipment $25,000 Fuel Expense $5,000 Iglesias Industries, Capital $30,000 Iglesias Industries, Drawing $5,000 Land $25,000 Trucking Revenue $50,000 Utilities Frnense
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:Prepare a properly-formatted Trial Balance for Iglesias Industries for the month ending the last day of
September, 2020, utilizing the following accounts, all of which have "normal balances, i.e. on the side (debit
or credit) that you would expect:
Accounts Payable
$10,000
Accounts Receivable
$20,000
Advertising Expense
$3,000
Cash
$10,000
Equipment
$25,000
Fuel Expense
$5,000
Iglesias Industries, Capital
$30,000
Iglesias Industries, Drawing
$5,000
Land
$25,000
Trucking Revenue
$50,000
Utilities Frnense
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