FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Update your trial balance with the following accounts and balances and then answer the questions that f
Cash
Accounts payable
Common stock
Rent expense
Salaries expense
Prepaid rent
Supplies
Total Debits
139,500
50,000
146,400
35,800
123,100
40,000
30,600 Notes payable
Salaries payable
Service revenue
Accounts receivable
Required:
1. What are the total debits and credits on your revised trial balance?
Total Credits
Advertising expense
Retained earnings
Dividends
7,600
235,700
147,000
49,900
92,200
10,200
44,200
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Transcribed Image Text:Update your trial balance with the following accounts and balances and then answer the questions that f Cash Accounts payable Common stock Rent expense Salaries expense Prepaid rent Supplies Total Debits 139,500 50,000 146,400 35,800 123,100 40,000 30,600 Notes payable Salaries payable Service revenue Accounts receivable Required: 1. What are the total debits and credits on your revised trial balance? Total Credits Advertising expense Retained earnings Dividends 7,600 235,700 147,000 49,900 92,200 10,200 44,200
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