3: Use the following information to create a Trial Balance for the company. As of...
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3: Use the following information to create a Trial Balance for the company. As of August 31, the company, DEBS Services, had the following account balances: (29 points) Cash $40,000 Accounts Receivable 4,000 Inventory 11,000 Accounts Payable 5,000 Owner Capital 30,000 Owner Withdrawals 1,000 Sales 32,000 Sales returns 250 Sales discounts 1,250 8,000 1500 COGS Shipping expense Use the following table to complete the trial balance: DEBS Services Trial Balance August 31, XXX Account: TOTAL: Debits Credits
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