Update your trial balance with the following accounts and balances and then answer the questions that fCashAccounts payableCommon stockRent expenseSalaries expensePrepaid rentSuppliesTotal Debits139,50050,000146,40035,800123,10040,00030,600 Notes payableSalaries payableService revenueAccounts receivableRequired:1. What are the total debits and credits on your revised trial balance?Total CreditsAdvertising expenseRetained earningsDividends7,600235,700147,00049,90092,20010,20044,200

An adjusted trial balance is an internal document that summarizes all of the current balances…

Update your trial balance with the following accounts and balances and then answer the questions tha Cash Accounts payable Common stock Rent expense Salaries expense Prepaid rent Supplies 139,500 Salaries payable 50,000 Service revenue 146,400 Accounts receivable 35,800 123,100 40,000 30,600 Total Debits Total Credits Advertising expense Retained earnings Dividends Notes payable Required: 1. What are the total debits and credits on your revised trial balance? 7,600 235,700 147,000 49,900 92,200 10, 200 44,200

Update your trial balance with the following accounts and balances and then answer the questions tha Cash Accounts payable Common stock Rent expense Salaries expense Prepaid rent Supplies 139,500 Salaries payable 50,000 Service revenue 146,400 Accounts receivable 35,800 123,100 40,000 30,600 Total Debits Total Credits Advertising expense Retained earnings Dividends Notes payable Required: 1. What are the total debits and credits on your revised trial balance? 7,600 235,700 147,000 49,900 92,200 10, 200 44,200

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter10: Financial Statements And Reports

Section: Chapter Questions

Problem 3.4C

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