Business, 27.03.2020 17:19 MadisonAvocado926

Using the following account balances for Garry’s Tree Service, prepare a trial balance. If an amount box does not require an entry, leave it blank. Cash $25,000Supplies 1,000Accounts Payable 7,000Common Stock 32,910Wage Expense 2,000Machinery 18,350Wages Payable 3,600Service Revenue 21,000Rent Expense 11,500Unearned Revenue 1,500Accumulated Depreciation—Machinery 7,340Prepaid Rent 12,200Dividends 3,300

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Answer from: gd9075

Debits Credits

Cash 25,000

Supplies 1,000

Wage Expense 2,000

Machinery 18,350

Rent Expense 11,500

Prepaid Rent 12,200

Accounts Payable 7,000

Common Stock 32,910

Wages Payable 3,600

Service Revenue 21,000

Unearned Revenue 1,500

Accumulated Depreciation—Machinery 7,340

Totals 70050 70050

Explanation:

A Trial Balance is a list of Balances - Debits and Credits extracted from ledger Accounts from which Financial Statement can be prepared.

Note : Dividends are not included in the Trial Balance, they do not originate from any ledger Account.

Answer from: Quest

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Answer from: Quest

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Using the following account balances for Garry’s Tree Service, prepare a trial balance. If an amount...

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