The following is the unadjusted accounts of ABC Co as at 31 December 2006 : Account $ Cash 23,500 Account receivables 11,500 Office supplies 4,300 Prepaid insurance 6,000 Office equipment 60,000 Accumulated depreciation-office equipment 18,000 Accounts Payable 5,530 Notes Payable 15,000 Unearned revenue [...]
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The following is the unadjusted accounts of ABC Co as at 31 December 2006 : Account $ Account receivables 65,450 Office supplies 5,400 Prepaid utilities 10,860 Prepaid insurance 8,400 Office equipment 14,680 Accumulated depreciation-office equipment 4,400 Unearned revenue 29,850 Capital 77,800 Service revenue 40,680 Salaries expense 18,000 Miscellaneous [...]
Continue reading about Accounting Test Question No 1 on Adjusted Trial Balance
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