Trial Balance As of December 31, 2021 Debit Credit Account 27,400 Cash 4,900 Accounts Receivable Supplies 3,300 Prepaid Insurance 6,000 Land held for Investment 25,000 Land 42,800 Apartment Building 152,000 Furniture 50,000 Accumulated Depreciation 41,100 Accounts Payable 6,500 Unearned Rent Revenues 7.400 Long Term Note Payable - due in one year 8,000 ong Term Note Payable. 72,000 Common Stock 112,700 etained Earnings 35,700 vidends 5,000 unt Revenue 110,700 preciation expense 10,000 pair expense 3,600 aries expense 52,200 ties expense 9,400 olies expense 1,500 ance expense 1,000 394,100 394,100

Trial Balance As of December 31, 2021 Debit Credit Account 27,400 Cash 4,900 Accounts Receivable Supplies 3,300 Prepaid Insurance 6,000 Land held for Investment 25,000 Land 42,800 Apartment Building 152,000 Furniture 50,000 Accumulated Depreciation 41,100 Accounts Payable 6,500 Unearned Rent Revenues 7.400 Long Term Note Payable - due in one year 8,000 ong Term Note Payable. 72,000 Common Stock 112,700 etained Earnings 35,700 vidends 5,000 unt Revenue 110,700 preciation expense 10,000 pair expense 3,600 aries expense 52,200 ties expense 9,400 olies expense 1,500 ance expense 1,000 394,100 394,100

Name: Use this trial balance to createa) Income Statementb) Retained Earning
Uploaded: 2024-03-04T10:43:15.000Z
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Description: Use this trial balance to createa) Income Statementb) Retained Earning Statementc) Balance Sheet Trial BalanceAs of December 31, 2021DebitCreditAccount27,400Cash4,900Accounts Receivable3,300SuppliesPrepaid Insurance6,000Land held for Investment25,000

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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