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    Prepare a trial balance

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    All nine transactions for Bowan Realty for June, the first month of operations, are recorded in the following T accounts:

    Cash Capital Stock
    (1) 20,000 (3) 7,500 (1) 20,000
    (7) 6,900 (5) 2,600
    (9) 4,700 (6) 5,500
    (8) 2,000

    Accounts Receivable Dividends
    (4) 4,900 (9) 4,700 (8) 2,000

    Supplies Fees Earned
    (3) 7,500 (4) 4,900
    (7) 6,900

    Equipment Operating Expense
    (2) 4,500 (6) 5,500

    Accounts Payable
    (5) 2,600 (2) 4,500

    Refer to Exhibit 2-1 above, and prepare a trial balance, listing the accounts in their proper order.

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    https://brainmass.com/business/trial-balance/prepare-trial-balance-220110

    Solution Preview

    Please see the attached file for detailed solution.

    All nine transactions for Bowan Realty for June, the first month of operations, are recorded in the following T accounts:
    Cash Capital Stock
    (1) 20,000 (3) 7,500 (1) 20,000
    (7) ...

    Solution Summary

    The solution explains how to prepare a trial balance. The posting provides nine transactions in a company, and records accounts for the first couple months of operations.

    $2.19