Prepare a trial balance, listing the following accounts in proper sequence. The accounts (all normal balances) were taken from the ledger of Sophie Designs Co. on April 30Accounts Payable$4,100 Salary Expense$14,000Accounts Receivable 3,450 Sophie Dawson, Capital 17,8006,700 Sophie Dawson, Drawing 7,500CashEquipment14,500 Supplies45,425 Supplies Expense3,125Fees Earned1,700Miscellaneous Expense 850Utilities Expense4,000Rent Expense11,500

Introduction: Trial Balance: All the final ledger accounts balances are posted in Trial balance to…

Prepare a trial balance, listing the following accounts in proper sequence. The accounts (all normal balances) were taken from the ledger of Sophie Designs Co. on April 30 Accounts Payable $4,100 Salary Expense $14,000 3,450 Sophie Dawson, Capital 17,800 6,700 Sophie Dawson, Drawing 7,500 Accounts Receivable Cash Equipment 14,500 Supplies 45,425 Supplies Expense Utilities Expense 3,125 Fees Earned 1,700 Miscellaneous Expense 850 4,000 Rent Expense 11,500

Prepare a trial balance, listing the following accounts in proper sequence. The accounts (all normal balances) were taken from the ledger of Sophie Designs Co. on April 30 Accounts Payable $4,100 Salary Expense $14,000 3,450 Sophie Dawson, Capital 17,800 6,700 Sophie Dawson, Drawing 7,500 Accounts Receivable Cash Equipment 14,500 Supplies 45,425 Supplies Expense Utilities Expense 3,125 Fees Earned 1,700 Miscellaneous Expense 850 4,000 Rent Expense 11,500

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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