Prepare a trial balance for Salty Inc.dated June 30,2017,based on the following transactions that occurred during the month of June.
a.Owner invested $25,000 cash into the business and received common shares in return.
b.Rented an office and paid one month's rent,$900.
c.Purchased $400 of supplies on account.
d.Performed services on account,$5,500.
e.Paid $2,000 cash for office furniture.
f.Owner received a dividend of $700.
g.Collected $1,200 on account.
Correct Answer:
Verified
Q105: If a trial balance is in balance,
Q161: From the following list of transactions,prepare a
Q162: Fox Ltd.had the following trial balance on
Q163: A junior bookkeeper,Bob Delisle,prepared the following trial
Q164: Identify the normal balance for asset and
Q165: Use T-accounts to analyze the following transactions
Q167: Identify the normal balance for the Retained
Q168: Prepare a trial balance for Zeng Inc.dated
Q169: Describe what is listed on a trial
Q170: Use T-accounts to show the resulting balance
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents