Mason Company Trial Balance December 31, 2019 Debit Credit Cash $20,000 Accounts Payable Insurance Expense Supplies Accounts Receivable $ 3,000 1,500 1,200 10,300 Salaries Payable Notes Payable Common Stock 1,900 3,100 10,000 2,000 Dividends Retained Earnings Service Revenue 8,000 19,200 2,100 Unearned Service Revenue Prepaid Insurance Salaries Expense Supplies Expense 1,900 9,500 900 $46,400 $48,200

Mason Company Trial Balance December 31, 2019 Debit Credit Cash $20,000 Accounts Payable Insurance Expense Supplies Accounts Receivable $ 3,000 1,500 1,200 10,300 Salaries Payable Notes Payable Common Stock 1,900 3,100 10,000 2,000 Dividends Retained Earnings Service Revenue 8,000 19,200 2,100 Unearned Service Revenue Prepaid Insurance Salaries Expense Supplies Expense 1,900 9,500 900 $46,400 $48,200

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

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 3MC: Prince Corporations accounts provided the following information at December 31, 2019: What should be...

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