- Question 1 What Is The Cash Balance In The Trial Balance 408500 On The Debit Side O396500 On The Credit Side 408500 On 1 (38.4 KiB) Viewed 12 times
- Question 1 What Is The Cash Balance In The Trial Balance 408500 On The Debit Side O396500 On The Credit Side 408500 On 2 (49.22 KiB) Viewed 12 times
ABC Inc. established its operation at January 1st, 2014. A) Enter all necessery Journal Entries that occured during the year. B) Then prepare the adjusting entries, closing entries, financials, worksheet & T accounts. 1) In January, Initial stock issuance: 2) January, bought Equipment for $ 63000, 10 years life, $3000 residual value 3) November, paid total utility bills: 4) In January, paid in advance rent for two years: 5) In February, received prepayment from a customer for service to be provided: 6) Dec. 31st 2014, unearned revenue balance 7) In December, Dividend declared: During the Year JE's Account Name Debit Credit $450,000 $63,000 $8,500 $12,000 $42,000 $2,000 $10,000 $3,000