In: Accounting
The trial balance of Large Company, Inc. at the end of its annual accounting period is as follows:
LARGE COMPANY, INC. Trial Balance December 31, 2019 |
||
Cash.............................................................................. |
$ 4,000 |
|
Prepaid Insurance.............................................................................. |
1,600 |
|
Supplies .............................................................................. |
2,100 |
|
Equipment .............................................................................. |
20,000 |
|
Accumulated Depreciation—Equipment.............................................................................. |
$ 2,000 |
|
C. Large, Capital .............................................................................. |
19,000 |
|
C. Large, Withdrawals.............................................................................. |
2,000 |
|
Revenue.............................................................................. |
33,000 |
|
Salaries Expense.............................................................................. |
18,300 |
|
Rent Expense .............................................................................. |
6,000 |
______ |
Totals.............................................................................. |
$54,000 |
$54,000 |
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