- Joined
- Oct 12, 2013
- Messages
- 2
- Reaction score
- 0
The following is a list of the accounts and their balances appearing in the ledger of Martin Mann Garage as of December 31, 2010, the company's year end. The accounts are in alphabetical order and have normal balances. Assume that no adjusting entries are needed in this problem and the above balances are the ones used for the preparation of financial statements.
Accounts payable 1,350
Accounts receivable 3,750
Cash 1,200
Equipment 37,800
Gasoline expense 1,800
Martin Mann, Capital 19,800
Martin Mann, Withdrawals 1,500
Notes payable 33,000
Rent expense 3,600
Repairs expense 1,950
Salary expense 2,100
Salary payable 300
Service revenue 24,750
Supplies 600
Supplies expense 900
Truck 24,000
(a) Prepare a trial balance for Martin Mann Garage at December 31, 2010.
Accounts payable 1,350
Accounts receivable 3,750
Cash 1,200
Equipment 37,800
Gasoline expense 1,800
Martin Mann, Capital 19,800
Martin Mann, Withdrawals 1,500
Notes payable 33,000
Rent expense 3,600
Repairs expense 1,950
Salary expense 2,100
Salary payable 300
Service revenue 24,750
Supplies 600
Supplies expense 900
Truck 24,000
(a) Prepare a trial balance for Martin Mann Garage at December 31, 2010.