College Accounting, Chapters 1-27
Solutions
College Accounting, Chapters 1-27
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.
Prepare a trial balance.
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 Title | Balance | |
| Â | Debit (&... | |
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