Nash Company has the following adjusted accounts and balances at year-end (June 30): Interest expense Interest income Inventories Accounts payable Accounts receivable Accrued expenses payable Accumulated depreciation Additional paid-in capital Buildings and equipment Cash $50 550 70 130 184 1,480 355 46 Land Long-term debt Prepaid expenses Rent expense Common stock Cost of sales Depreciation expense Income taxes expense Income taxes payable Prepare an adjusted trial balance for the Nash Company at June 30. 798 200 225 50 Retained earnings Salaries expense Sales revenue Unearned fees $75 25 880 400 1,430 70 590 1,955 740 2,350 65
Nash Company has the following adjusted accounts and balances at year-end (June 30): Interest expense Interest income Inventories Accounts payable Accounts receivable Accrued expenses payable Accumulated depreciation Additional paid-in capital Buildings and equipment Cash $50 550 70 130 184 1,480 355 46 Land Long-term debt Prepaid expenses Rent expense Common stock Cost of sales Depreciation expense Income taxes expense Income taxes payable Prepare an adjusted trial balance for the Nash Company at June 30. 798 200 225 50 Retained earnings Salaries expense Sales revenue Unearned fees $75 25 880 400 1,430 70 590 1,955 740 2,350 65
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Nash Company has the following adjusted accounts and balances at year-end (June 30);
Interest expense
Interest income
Inventories
Accounts payable
Accounts receivable
Accrued expenses payable
Accumulated depreciation
Additional paid-in capital
Buildings and equipment
Cash
Common stock
Cost of sales
Depreciation expense
Income taxes expense
Income taxes payable
Prepare an adjusted trial balance for the Nash Company at June 30.
$50
550
70
130
184
1,480
355
46
790
200
225
50
Land
Long-term debt
Prepaid expenses
Rent expense
Retained earnings
Salaries expense
Sales revenue
Unearned fees
$75
25
880
400
1,430
70
590
1,955
740
2,350
65
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