FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Do it nicely. Follow the instructions on attached image.
Read: From the Ledger balances below, listed in alphabetical order, Prepare a Trial
Balance for Inutz, Inc. at June 30, 2020. All accounts have a normal debit or credit balance.
$ 3,000
Income tax expense
400
Accounts payable
Accounts receivable
1,000
Rent expense
Retained earnings
4,000
3,600
12,650
Accumulated depreciation
-equipment
Cash
4,400
Salaries expense
4,000
Service revenue
7,600
Common shares
Dividends
10,000
Trading investments
Unearned revenue
200
6,000
Equipment
17,000
150
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Transcribed Image Text:Read: From the Ledger balances below, listed in alphabetical order, Prepare a Trial Balance for Inutz, Inc. at June 30, 2020. All accounts have a normal debit or credit balance. $ 3,000 Income tax expense 400 Accounts payable Accounts receivable 1,000 Rent expense Retained earnings 4,000 3,600 12,650 Accumulated depreciation -equipment Cash 4,400 Salaries expense 4,000 Service revenue 7,600 Common shares Dividends 10,000 Trading investments Unearned revenue 200 6,000 Equipment 17,000 150
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