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Use the information from the Adjusted
For Question 36, how much revenue should be recorded on the Income Statement?
Elliptical Consulting
Adjusted Trial Balance
For the Year Ended June 30, 2019
Account Title |
Debit |
Credit |
Cash |
27,000 |
|
|
53,500 |
|
Supplies |
900 |
|
Office Equipment |
30,500 |
|
|
|
6,000 |
Accounts Payable |
|
3,300 |
Salaries Payable |
|
375 |
Jayson Neese, Capital |
|
82,200 |
Jayson Neese, Drawing |
2,000 |
|
Fees Earned |
|
60,000 |
Salary Expense |
32,375 |
|
Supplies Expense |
2,100 |
|
Depreciation Expense |
1,500 |
|
Miscellaneous Expense |
2,000 |
|
Totals |
151,875 |
151,875 |
Notice that the accounts are listed in order of the Assets = Liabilities + Owner’s Equity + (Rev. – Exp.). The accounts are NOT listed alphabetically |
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