Prepare Trial BalanceAccountInsurance ExpenseCash at BankAmount5,00026,000Supplies3,000Accounts PayableSales RevenueAccounts ReceivableDrawingsInterest ExpenseBank LoanEquipmentTelephone ExpenseUnearned RevenueCapitalInventory11,00067,0009,5006,0002,00054,00022,0004,0008,40082,00021,000

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

Answered: Prepare Trial Balance Account Insurance…

Prepare Trial Balance Account Insurance Expense Cash at Bank Supplies Accounts Payable Sales Revenue Accounts Receivable Drawings Amount 5,000 26,000 3,000 11,000 67,000 9,500 6,000

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter10: Financial Statements And Reports

Section: Chapter Questions

Problem 4.4C

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Concept explainers

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

Question

Prepare Trial Balance
Account
Insurance Expense
Cash at Bank
Amount
5,000
26,000
Supplies
3,000
Accounts Payable
Sales Revenue
Accounts Receivable
Drawings
Interest Expense
Bank Loan
Equipment
Telephone Expense
Unearned Revenue
Capital
Inventory
11,000
67,000
9,500
6,000
2,000
54,000
22,000
4,000
8,400
82,000
21,000

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