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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 24 Aug 2017 My Price 9.00

Hadley Realty Corporation.

Exercise 4-27 Trial Balance

The following account titles, arranged in alphabetical order, are from the records of Hadley Realty Corporation. The balance in each account is the normal balance for that account. The bal- ances are as of December 31, after adjusting entries have been made. Prepare an adjusted trial balance, listing the accounts in the following order: (1) assets; (2) liabilities; (3) stockholders’ equity accounts, including dividends; (4) revenues; and (5) expenses.

 

Accounts Payable

$12,300

Interest Expense

$      200

Accounts Receivable

21,230

Interest Payable

200

Accumulated   Depreciation—Automobiles

12,000

Land

40,000

Accumulated   Depreciation—Buildings

15,000

Notes Payable

20,000

Automobiles

48,000

Office Supplies

1,680

Buildings

60,000

Office Supplies Expense

5,320

Capital Stock

25,000

Prepaid Insurance

1,200

Cash

2,460

Rent Expense

2,400

Commissions Earned

17,420

Retained Earnings

85,445

Commissions Expense

2,300

Wages and Salaries Expense

1,245

Dividends

1,500

Wages and Salaries Payable

470

Insurance Expense

300

 

 

Answers

Maurice Tutor
(5)
Status NEW Posted 24 Aug 2017 11:08 PM My Price 9.00

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