Preparing a trial balanceSmithson Floor Coverings reported the following summarized data at December 31, 2018. Accounts appear in no particular order, and all have normal balances.Prepare the trial balance of Smithson Floor Coverings at December 31, 2018. Service RevenueEquipmentRent ExpenseCommon StockAccounts PayableDividends$ 26,000 Salaries Payable36,000 Salaries Expense17,000 Cash24,000 Accounts Receivable2,200 Interest Payable16,100 Utilities Expense$ 25,0001,6007,0003,6006,0001,900

Trial Balance: The Trial balance is a List of Balances at the end of the year, after journalizing…

Answered: Service Revenue Equipment Rent Expense…

Managerial Accounting: The Cornerstone of Business Decision-Making

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ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter14: Statement Of Cash Flows

Section: Chapter Questions

Problem 35E: Jarem Company showed 189,000 in prepaid rent on December 31, 20X1. On December 31, 20X2, the balance...

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Preparing a trial balance

Smithson Floor Coverings reported the following summarized data at December 31, 2018. Accounts appear in no particular order, and all have normal balances.

Prepare the trial balance of Smithson Floor Coverings at December 31, 2018.

Service Revenue
Equipment
Rent Expense
Common Stock
Accounts Payable
Dividends
$ 26,000 Salaries Payable
36,000 Salaries Expense
17,000 Cash
24,000 Accounts Receivable
2,200 Interest Payable
16,100 Utilities Expense
$ 25,000
1,600
7,000
3,600
6,000
1,900

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