Problem

 SUNDIAL Inc.Trial BalanceDecember 31 DebitCreditCash $   16 Accounts Receivable 26 Equipm...

 

SUNDIAL Inc.

Trial Balance

December 31

 

Debit

Credit

Cash 

$   16

 

Accounts Receivable 

26

 

Equipment 

191

 

Accounts Payable 

 

$  21

Capital Stock 

 

106

Retained Earnings 

 

56

Dividends 

11

 

Service Revenue 

 

189

Salaries Expense 

86

 

Depreciation 

26

 

Supplies Expense 

    16

____

 

$372

$372

Which accounts will appear on the balance sheet?

a retained earnings of $56

b dividends of $11.

c net income of $60.

d none of the above.

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Solutions For Problems in Chapter 5