Question

Sam's Tax Services had the following accounts and account balances after adjusting entries. Assume all accounts have normal balances (Click the icon to view the accounts listing) Prepare the adjusted trial balance for Sam's Tax Services as of December 31, 2018 Sam's Tax Services Adjusted Trial Balance December 31, 2018 Account Title Balance Debit Credit

Answer 1

Below is the adjusted trial balance of Sam's tax services:

Sam's Tax Services
	Adjusted Trial Balance
	December 31, 2018
	Particulars	Debit($)	Credit($)
	Cash (balancing figure)	15,400
	Account receivable	3,250
	Office supplies	1,000
	Land	24,000
	Equipment	19,000
	Accumulated depreciation - Equipment		1,300
	Utilities payable		300
	Accounts payable		3,200
	Unearned revenue		700
	Walker Capital		23,800
	Walker withdrawal	28,000
	Service revenue		70,000
	Depreciation expense- equipment	1,800
	Salaries expense	5,200
	Supplies expense	600
	Utilities expense	1,050
	TOTAL	99,300	99,300