Using the Information Given Below,prepare a Balance Sheet for Rapid
Question 420
Question 420
Essay
Using the information given below,prepare a balance sheet for Rapid Car Services from the adjusted trial balance. Rapid Car ServicesAdjusted Trial BalanceFor the year ended December 31 Cash Accounts receivable Office supplies . Vehicles Accumulated depreciation - Vehicles Accounts payable Common stock Retained earnings Dividends Fees earned Rent expense Office supplies expense Utilities expense Depreciation Expense - Vehicles Salary expense Fuel expense Totals $33,00014,2001,700100,00040,00013,0002,0002,50015,00050,00012.000$283,40045,00011,50020,00051,900155,000$283,400
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