Based on the information below, prepare a trial balance for Mary Ann Powers Cons
ID: 2729804 • Letter: B
Question
Based on the information below, prepare a trial balance for Mary Ann Powers Consulting.
Cash
$21,000
Supplies
1,900
Prepaid Rent
7,100
Equipment
5,000
Accumulated Depreciation—Equipment
2,500
Unearned Revenue
7,000
Salaries Payable
4,100
Mary Ann Powers, Capital
15,400
Mary Ann Powers, Drawing
1,000
Fees Earned
21,500
Salaries Expense
7,000
Rent Expense
7,500
Cash
$21,000
Supplies
1,900
Prepaid Rent
7,100
Equipment
5,000
Accumulated Depreciation—Equipment
2,500
Unearned Revenue
7,000
Salaries Payable
4,100
Mary Ann Powers, Capital
15,400
Mary Ann Powers, Drawing
1,000
Fees Earned
21,500
Salaries Expense
7,000
Rent Expense
7,500
Explanation / Answer
Answer:-
TRIAL BALANCE OF MARY ANN POWERS CONSULTING AS ON ------
Particulars
Amount(Dr)
Amount(cr)
cash
21000
Supplies
1900
Prepaid rent
7100
Equipment
5000
Accumulated dep
2500
Unearned revenue
7000
Salaries payable
4100
Capital
15400
Drawing
1000
Fees earned
21500
Salaries exp
7000
Rent
7500
Total
50500
50500
Particulars
Amount(Dr)
Amount(cr)
cash
21000
Supplies
1900
Prepaid rent
7100
Equipment
5000
Accumulated dep
2500
Unearned revenue
7000
Salaries payable
4100
Capital
15400
Drawing
1000
Fees earned
21500
Salaries exp
7000
Rent
7500
Total
50500
50500
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