Question

prepare trial balance

Data Table The Taccounts of Morris Farm Equipment Reg (Click the icon to view the T-accounts.) ASSETS LIABILITIES Prepare Morris Farm Equipment Repair's trial EQUITY Contributed Capital Retained Earnings Cash - Salaries Payable + Service Revenue Morris Farm Equipment Rog Trial Balance May 21, 2018 Dividenda 1,400 Common Stock 27.000 12.000 Salaries Expense 1,300 900 4.400 3.800 2200 4400 Notes Payable Property Tax Expres 27,000 10.000 2,200 900 5.200 1400 2.100 Accounts Receivable 3600 500 500 Advertising Expense 300 Land 10.000 using 40.000 Equipment 12.000 Print Done Choose from any list or enter any number in

Answer 1

Merris Farm Equipment Rep Trial Balance May. 31,2018 Debit Credit Cash $ 10,100 Accounts Receivables $ 3.100 Equipment $ 12,000 Land $ 10,000 Building $ 40,000 Salaries Payable $ 3,500 Notes Payable $ 34,800 Common stock $ 39,000 Dividends $ 1,400 Service Revenue $ 5,800 Salaries Expense $ 5,700 Property Tax Expense $ 500 Advertising Expense $ 300 S 83,100 $ 83,100 Working Notes: Cash - $27,000+$2200+$500-$10,000-$900-$5200-$1400-$2100 = $10,100 Accounts Receivables = $3600-$500 = $3.100 Salaries Payable = $4400-$900 = $3500 Notes payable = $40000-$5200 - $34,800 Common stock = $27000-$12000 = $39000 Service Revenue = $3600-2200 = $5800 Salaries expense = 1300-4400 = $5700