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Wednesday, 20 September 2017

On December 31, 2016, Morgan Company had the following normal account balances in its general ledger. Use this information to prepare a trial balance.

On December 31, 2016, Morgan Company had the following normal account balances in its general ledger. Use this information to prepare a trial balance.



  Land     $18,750 
  Unearned revenue     17,900 
  Dividends     4,850 
  Prepaid Rent     6,000 
  Cash     59,820 
  Salaries expense     15,000 
  Accounts Payable     2,380 
  Common Stock     23,500 
  Operating Expense     16,950 
  Office Supplies     2,000 
  Advertising Expense     2,200 
  Retained Earnings, 1/1/2016     15,530 
  Service Revenue     72,640 
  Accounts Receivable     6,380 

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