The Recording Process

The accounts in the ledger of Overnite Delivery Service contain the following balances on July 31, 2019
Accounts Receivable$7,642Prepaid Insurance$1,968
Accounts Payable8,396Maintenance and Repairs Expense961
Cash?Service Revenue10,610
Equipment49,360Owner's Drawings700
Gasoline Expense758Owner's Capital42,000
Utilities Expense523Salaries and Wages Expense4,428
Notes Payable17,000Salaries and Wages Payable815

Instructions

Prepare a trial balance with the accounts and fill in the missing amount for Cash.

Solution

Overnite Delivery Service
Trial Balance
July 31, 2019
Are you need Live help? Chat with us for quick help.

Latest Articles

« »