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College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756

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BuyFindarrow_forward

College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756
Textbook Problem

The following accounts have normal balances. Prepare a trial balance. Accounts Payable, $20; Accounts Receivable, $90; Capital, $40; Sales, $200; Cash, $100; Rent Expense, $70.

To determine

Prepare a trial balance.

Explanation

Trial balance: Trial balance is a summary of all the ledger accounts balances presented in a tabular form with two column, debit and credit. It checks the mathematical accuracy of the ledger postings and helps preparing the final accounts.

Prepare a trial balance:

Trial Balance
Account TitleBalance
 Debit (&...

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