S. Below is Bill Brady Law's adjusted trial balance at the end of its annual...
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Accounting
S. Below is Bill Brady Law's adjusted trial balance at the end of its annual accounting period.
Bill Brady Trial Balance Law December 31, 2020
Debit
Credit
Cash
$13,000
Accounts receivable
$20,000
Office Supplies
$10,300
Office equipment
$40,500
Accumulated depreciation, office
$22,000
Long-term notes payable
$60,000
Bill Brady, capital
$11,000
Bill Brady, withdrawals
$10,000
Service Revenue
$51,100
Salary expense
$30,000
Rent expense
$12,300
Depreciation expenses, office equipment
$1,000
Advertising expense
$4,000
Office supplies expense
$3,000
$2,500
Total
$144,100
$144,100
Prepare the necessary entries in the Companys Journal on Dec. 31, 2020.
S. Below is Bill Brady Law's adjusted trial balance at the end of its annual accounting period.
| Bill Brady Trial Balance Law December 31, 2020
| ||
| Debit | Credit |
Cash | $13,000 |
|
Accounts receivable | $20,000 |
|
Office Supplies | $10,300 |
|
Office equipment | $40,500 |
|
Accumulated depreciation, office |
| $22,000 |
Long-term notes payable |
| $60,000 |
Bill Brady, capital |
| $11,000 |
Bill Brady, withdrawals | $10,000 |
|
Service Revenue |
| $51,100 |
Salary expense | $30,000 |
|
Rent expense | $12,300 |
|
Depreciation expenses, office equipment | $1,000 |
|
Advertising expense | $4,000 |
|
Office supplies expense | $3,000 | $2,500 |
Total | $144,100 | $144,100 |
Prepare the necessary entries in the Companys Journal on Dec. 31, 2020.
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