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38 Other liabilities ....... $ Other assets ...... Expenses .... Stockholders equity.... 3 Revenues... 23 Cash 26 Accounts p
Tepare the trial balance of New Navy Company at December 31, 2018. List the account New Navy Company Trial Balance December 3
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Answer #1

All the expenses and assets have normal debit balances.

All liabilities revenues and stockholders equity have credit balances.

New Navy Company
Trial Balance
December 31, 2018
Balance ( in millions)
Account Title Debit Credit
Other liabilities 3
Other assets 23
Expenses 26
Stockholders equity 5
Revenues 38
Cash 4
Account payable 7
Total $53 $53

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