Using the following information, prepare a trial balance. Assume all asset, dividend, and expense accounts have debit balances and all liability, stockholders' equity, and revenue accounts have credit balances. List the accounts in the following order: assets, liabilities, stockholders' equity, dividends, revenues, and expenses. Cash Salaries Payable Prepaid Rent Accounts Payable Retained Earnings Salaries Expense Totals Accounts $5,950 700 900 1,850 1,850 2,700 Trial Balance Dividends Rent Expense Accounts Receivable Common Stock Service Revenue Advertising Expense Debit Credit $500 1,850 4,100 5,900 6,800 1,100

Using the following information, prepare a trial balance. Assume all asset, dividend, and expense accounts have debit balances and all liability, stockholders' equity, and revenue accounts have credit balances. List the accounts in the following order: assets, liabilities, stockholders' equity, dividends, revenues, and expenses. Cash Salaries Payable Prepaid Rent Accounts Payable Retained Earnings Salaries Expense Totals Accounts $5,950 700 900 1,850 1,850 2,700 Trial Balance Dividends Rent Expense Accounts Receivable Common Stock Service Revenue Advertising Expense Debit Credit $500 1,850 4,100 5,900 6,800 1,100

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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