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Account Balance
Common stock $5,100
Accounts payable $4,400
Service revenue $17,100
Land $28,800
Note payable $9,500
Cash $5,200
Dividends $6,100
Utilities expense $2,100
Accounts receivable $10,600
Delivery expense $700
Retained earnings $25,600
Salary expense $8,200
Prepare the company’s trial balance as of June 30, 2012, listing accounts
in proper sequence, as illustrated in the chapter. For example, Accounts
Receivable comes before Land. List the expense with the largest balance
first, the expense with the next largest balance second, and so on.
Linda’s Lampshades started business on Jan. 1, 2001. They had the
following inventory transactions:
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ACCT 212 Week 1-7 All Discussion Questions
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Week 1 DQ1 Financial Statements
Week 2 DQ1 Prepaid Expenses vs. Unearned Revenue
Week 2DQ2 Accrual vs. Cash Accounting
Week 3DQ1 Ethical Business Decisions
Week 3DQ2 Trade Credit - Accounts Payable