es M4-25 (Static) Preparing an Adjusted Trial Balance [LO 4-3] The adjusted trial balance for Pl Detectives reported the following account balances: Accounts Receivable $500; Supplies $9,000; Prepaid Insurance $7,200; Equipment $28,000; Accumulated Depreciation $4,000; Accounts Payable $200; Deferred Revenue $5,000; Notes Payable $3,000; Common Stock $22,000; Retained Earnings $5,700; Dividends $3,000; Service Revenue $33,800; Salaries and Wages Expense $20,000; and Depreciation Expense $1,000. Required: Prepare an adjusted trial balance as of December 31, and solve for its missing Cash balance. Account Titles Totals PI DETECTIVES Adjusted Trial Balance Debit Credit
es M4-25 (Static) Preparing an Adjusted Trial Balance [LO 4-3] The adjusted trial balance for Pl Detectives reported the following account balances: Accounts Receivable $500; Supplies $9,000; Prepaid Insurance $7,200; Equipment $28,000; Accumulated Depreciation $4,000; Accounts Payable $200; Deferred Revenue $5,000; Notes Payable $3,000; Common Stock $22,000; Retained Earnings $5,700; Dividends $3,000; Service Revenue $33,800; Salaries and Wages Expense $20,000; and Depreciation Expense $1,000. Required: Prepare an adjusted trial balance as of December 31, and solve for its missing Cash balance. Account Titles Totals PI DETECTIVES Adjusted Trial Balance Debit Credit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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