Answer:
a.
Cash69,170
Accounts Receivable4,150
Supplies240
Equipment8,000
Accounts Payable3,700
Beth Worley, Capital75,000
Beth Worley, Drawing2,500
Service Revenue12,300
Operating Expenses6,940
b. Net income, $5,360 ($12,300 – $6,940)
EX 2-15 Trial balance
Based upon the data presented in Exercise 2-13, (a) prepare an unadjusted trial balance, listing the accounts in their proper order. (b) Based upon the unadjusted trial balance, determine the net income or net loss.
Answer:
a.
Cash69,170
Accounts Receivable4,150
Supplies240
Equipment8,000
Accounts Payable3,700
Beth Worley, Capital75,000
Beth Worley, Drawing2,500
Service Revenue12,300
Operating Expenses6,940
b. Net income, $5,360 ($12,300 – $6,940)
Answer:
a.
Cash69,170
Accounts Receivable4,150
Supplies240
Equipment8,000
Accounts Payable3,700
Beth Worley, Capital75,000
Beth Worley, Drawing2,500
Service Revenue12,300
Operating Expenses6,940
b. Net income, $5,360 ($12,300 – $6,940)