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. $ 400 Income tax expense Rent expense Retained earnings $3,000 Accounts payable Accounts receivable 4,000 1,000 3,600 12,650 Accumulated depreciation -equipment Cash 4,400 Salaries expense 4,000 Common shares 10,000 Service revenue 7,600 Trading investments Unearned revenue Dividends 200 6,000 Equipment 17,000 150

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
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
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
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education