Help S 6 Required On December 31, Year 2, Morgan Company had the following norma

Question

Help S 6 Required On December 31, Year 2, Morgan Company had the following normal account balances in its general ledger. Use this in prepare a trial balance. oints Land s30,880 32,000 8,0e0 5,600 98,000 18,000 7,080 80,000 41,080 2,5ee 3,5ee 9,e00 86,ee0 15,409 Skipped Dividends Prepaid rent Cash Salaries expense Accounts payable Common stock Operating expense Office supplies Advertising expense Retained earnings, Beginning Service revenue Accounts receivable Hint Print MORGAN COMPANY Trial Balance December 31, Year 2

Explanation / Answer

MORGAN Company Trial balance December 31, Year 2 Account title Debit credit Cash 90000 Account receivable 15400 Office supplies 2500 Prepaid rent 5600 Land 30000 Account payable 7000 Unearned revenue 32000 Common Stock 80000 Retained earnings, beginning 9000 Dividend 8000 Service revenue 86000 Salaries expense 18000 Operating expense 41000 Advertising expense 3500 Total 214000 214000

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