ACC 111 Project 1A On August 1, 2016, Stephanie Ram, a sole proprietor, started a...
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ACC 111 Project 1A On August 1, 2016, Stephanie Ram, a sole proprietor, started a new business, Ram Wholesale Company. The company sells refrigerators (merchandi various retail stores and uses the periodic inventory system. At the end of August, the company's Post-Closing Trial Balance showed the following ace and balances Ram Wholesale Company Post-Closing Trial Balance August 31, 2016 Account Titles DebitCredit Cash Accounts Receivable Merchandise Inventory, 9/30/15 Store Supplies Office Supplies Land Delivery Truck Accumulated Depreciation, Delivery Truck Accounts Payable Unearned Sales Revenue Notes Payable (Due 2040) Stephanie Ram, Capital $152,900 17,000 53,900 3,800 3,000 38,000 90,000 800 20,600 1,800 60,000 275,400 Totals $358,600 $358,600 Subsidiary Ledgers balances during the month of August Customers with Outstanding Balances
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