Beta Services Ltd.Scenario: Prepare a Trial BalanceTrial Balance Data:Cash: $50,000Accounts Receivable: $30,000Inventory: $20,000Accounts Payable: $15,000Capital: $70,000Requirements:Prepare...
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Accounting
Beta Services Ltd.
Scenario: Prepare a Trial Balance
Trial Balance Data:
- Cash: $50,000
- Accounts Receivable: $30,000
- Inventory: $20,000
- Accounts Payable: $15,000
- Capital: $70,000
Requirements:
- Prepare a trial balance as of December 31, 2023.
- Ensure the trial balance is balanced.
- Discuss the significance of a balanced trial balance.
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