Verizon LTE 10:08 AM 60% learn-us-east-1-prod-fleet01-xythos.s C 1 of 2 Sudduth Detailing Services, Inc. Adjusted Trial Balance December 31, 2018 Account Debit Credit No. Balances Balances 43,535 17,790 11 Cash Accounts Receivable 12 14 1,225 Supplies Prepaid Rent Prepaid Insurance Equipment Accumulated Depreciation–Equipment Accounts Payable 15 4,000 16 3,850 18 20,000 19 400 21 1,600 Salaries Payable 22 275 23 2,350 Unearned Fees 31 50,000 John Sudduth, Capital John Sudduth, Drawing 32 18,000 41 64,550 Detailing Services 51 3,575 Salary Expense Supplies Expense Rent Expense Depreciation Expense Insurance Expense Miscellaneous Expense 52 2,800 53 2,000 54 400 55 350 59 1,650 119,175 119,175 Sudduth Detailing, Inc. Additional Information 1. Assume Beginning Equity at December 1, 2018 was $0. Clule t ias for astiuitu that will take place in January 2019

What operating or financial data appears on more than one statement?  Is there a specific preparation order for the financial statements? Why is that important?

Select the item that best completes each of the descriptions below. a. A collection of accounts and account balances is referred to as a(n) b. A(n). such as a bank statement, is objective evidence of transactions and their amounts. c. Increases and decreases in a specific asset, liability, equity, revenue, or expense are recorded in a(n) d. A(n) _ асcount has a complete record of every transactions recorded. journal e. A list of all ledger accounts and identification numbers, not including account balances, is called a(n). of accounts.

How do i close  expense accounts while getting ready to prepare financial statements?