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pshichka [43]
3 years ago
11

From the ledger balances given below, prepare a trial balance for the Metlock, Inc. at June 30, 2019. All account balances are n

ormal.
Accounts Payable $8,700, Cash $6,400, Common Stock $21,200, Dividends $2,500, Equipment $16,500, Service Revenue $7,700, Accounts Receivable $4,700, Salaries and Wages Expense $4,800, and Rent Expense $2,700.
Business
1 answer:
Katen [24]3 years ago
8 0

Answer:

\left[\begin{array}{ccc}Account&DEBIT&CREDIT\\Cash&6,400&-\\Account\: Receivable&4,700&-\\Equipment&16,500&-\\Account \: Payble&-&8,700\\Common \: Stock&-&21,200\\Dividends&2,500&-\\Serice \: Revenue&-&7,700\\S/W \: expense&4,800&-\\Rent \: expense&2,700&-\\Total&37,600&3,7600\\\end{array}\right]

Explanation:

Cash assets --> debit balance

AR assets --> debit balance

equipment assets --> debit balance

Account payable liability --> credit balance

CS equity --> credit balance

dvidends --> debit balance

revenue --> credit balance

expenses --> debit balance

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4 0
3 years ago
Suppose the cost of 5 pencils is $1.50. The cost of 6 pencils is $1.75. The marginal cost of the sixth pencil is
nataly862011 [7]

Answer:

$0.25

Explanation:

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4 0
4 years ago
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liubo4ka [24]

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5 0
3 years ago
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3 years ago
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Karo-lina-s [1.5K]

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