Question 3 From the ledger balances given below, prepare a trial balance for the

Question

Question 3 From the ledger balances given below, prepare a trial balance for the Cleland Company at June 30, 2010. All account balances are normal. Accounts Payable $9,000, Cash $8,800, Cleland, Capital $20,000, Cleland, Drawing $1,200, Equipment $17,000, Service Revenue $8,000, Accounts Receivable $3,000, Salaries Expenses $6,000, and Rent Expense $1,000. (If answer is zero, please enter 0. Do not leave any fields blank.) CLELAND COMPANY Trial Balance June 30, 2010 Debit Credit Cash $ $ Accounts Receivable Equipment Accounts Payable Cleland, Capital Cleland, Drawing Service Revenue Salaries Expense Rent Expense $ $ .

Explanation / Answer

Accounts Payables 0 9000 Cash 8800 0 Cleland Capital 0 20000 Drawings 1200 0 Equipment 17000 0 Service Revenue 0 8000 Accounts Receivables 3000 0 Salaried Expenses 6000 0 Rent Expense 1000 0 Total 37000 37000

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