Tyler Consulting: Trial Balance, Statement of Equity
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Given December activity, post to ledger, create trial balance and income statement.
1-Dec Cash 500
Franklin Accounts Receivable 500
2-Dec Gusto's Inc Accounts Payable 1,500
Cash #1301 1,500
3-Dec Rent Expense 2,000
Cash #1302 2,000
4-Dec Washington Accounts Receivable #Y77P 1,350
Revenue Earned 1,350
5-Dec Wages Payable 1,600
Cash #1303 1,600
8-Dec Land 35,000
Notes Payable 35,000
9-Dec Utilities Expense 1,250
Cash #1304 1,250
10-Dec Cash 500
Revenue Earned 500
11-Dec Cash 800
Washington Accounts Receivable 800
12-Dec Wages Expense 1,700
Wages Payable 1,700
15-Dec Owner withdrawal 3,000
Cash #1305 3,000
16-Dec Franklin Accounts Receivable 11,000
Revenue Earned #Y78P 11,000
22-Dec Cash 2,300
Franklin Accounts Receivable 2,300
23-Dec Wages Payable 1700
Cash 1700
31-Dec Depreciation Expense 1000
Accumulated Depreciation 1000
31-Dec Insurance Expense 1200
Prepaid Insurance 1200
31-Dec Unearned Revenue 1500
Revenue Earned 1500
31-Dec Supplies Expense 500
Supplies 500
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See in Excel. Click into cell to see formula.
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