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  • Exercise 3 3

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    Abbdul Aziz
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    This trial balance for Blues Traveler Corporation shows account balances as of April 30, 2007, including $6,172 of cash, $4,790 in accounts receivable, and $2,967 in supplies on hand as debits. Credits include $7,044 in accounts payable, $8,000 in common stock, $2,000 in retained earnings, $7,305 in service revenue, and $1,120 in office expenses. The trial balance has total debits equal to total credits of $24,349.

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    This trial balance for Blues Traveler Corporation shows account balances as of April 30, 2007, including $6,172 of cash, $4,790 in accounts receivable, and $2,967 in supplies on hand as debits. Credits include $7,044 in accounts payable, $8,000 in common stock, $2,000 in retained earnings, $7,305 in service revenue, and $1,120 in office expenses. The trial balance has total debits equal to total credits of $24,349.

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    © All Rights Reserved
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    168 views1 page

    Exercise 3 3

    Uploaded by

    Abbdul Aziz
    This trial balance for Blues Traveler Corporation shows account balances as of April 30, 2007, including $6,172 of cash, $4,790 in accounts receivable, and $2,967 in supplies on hand as debits. Credits include $7,044 in accounts payable, $8,000 in common stock, $2,000 in retained earnings, $7,305 in service revenue, and $1,120 in office expenses. The trial balance has total debits equal to total credits of $24,349.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    EXERCISE 3-3 (Continued)

    Blues Traveler Corporation


    Trial Balance (corrected)
    April 30, 2007
    Debit

    Credit

    Cash........................................................................... $ 6,172
    Accounts Receivable................................................
    4,790
    Supplies on Hand.....................................................
    2,967
    Furniture and Equipment.........................................
    Accounts Payable.....................................................
    Common Stock.........................................................
    Retained Earnings....................................................
    Service Revenue.......................................................
    Office Expense..........................................................

    9,300
    $ 7,044
    8,000
    2,000
    7,305
    1,120
    $24,349

    $24,349

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