Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. instructions prepare an adjusted trial balance fr

Instructions Prepare an adjusted trial balance from the following account information, anc accounts have...

90.2K

Verified Solution

Question

Accounting

Instructions
Prepare an adjusted trial balance from the following account information, anc accounts have normal balances).
Accounts payable
Accounts receivable
Investments
Cash
Common stock
Dividends
Prepaid insurance
Insurance expense
Land
Notes payable (long term)
Salaries expense
Sales revenue
$18,000
4,000
88,000
19,000
30,000
16,000
20,000
8,000
26,000
55,000
37,000
115,000
Adjustments needed:
Accrued interest revenue on investments at period end, $2,200
Insurance still unexpired at end of the period, $12,000
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

ing Hourly Rate x Number of hours worked Regular Rate of Pay x 1 5...

Basic Math
1.2K views

3 80 5 47 Cengage Learning 2013 Cengage Learning 2013 The grille has the the...

Basic Math
1.2K views

Find real numbers a b and c so that the graph of the function y...

Algebra
1.2K views

3 If T R R is a linear transformation the vectors e e2 and e3...

Algebra
1.2K views

Given the system of equat 2x 3y 92 9 1 3z 9 3x y 4z...

Accounting
1.2K views

on shopers drug marts please write 2000 words In this phase...

Accounting
1.2K views

33 Answer swed. Marked out of 1000 F Aas question Sandy Ngwyen just graduated from...

Accounting
1.2K views

1. At December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages...

Accounting
1.2K views

do not use chat gpt or AI, I will report you to chegg. It gets...

Accounting
1.2K views

Imperial Jewelers manufactures and sells a gold bracelet for $402.00. The company's accounting system says...

Accounting
1.2K views

on Define what human resources management [HRM] is and analyze how it relates to the...

Accounting
1.2K views

A machine with a book value of $245,800 has an estimated six-year life. A proposal...