Trial Balance December 31, 2019 Accounts Debit Credit 50,000 20,000 Cash Accounts Receivable Equipment Accounts Payable Malit, Capital Service Income Salaries and wages Utilities Expense 35,000 50,000 60,000 30,000 15,000

Trial Balance December 31, 2019 Accounts Debit Credit 50,000 20,000 Cash Accounts Receivable Equipment Accounts Payable Malit, Capital Service Income Salaries and wages Utilities Expense 35,000 50,000 60,000 30,000 15,000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 3MC

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Question

How much is the balance of equipment? Show your solution.

How much is the ending balance of the owner's equity? Show your solution.

R. Malit's Advertising Co.
Trial Balance
December 31, 2019
Accounts
Debit
Credit
50,000
20,000
Cash
Accounts Receivable
Equipment
Accounts Payable
Malit, Capital
35,000
50,000
60,000
Service Income
Salaries and wages
Utilities Expense
30,000
15,000

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