Balance Sheet Prepare two balance sheets, one using the information in Practice 2–8 and the other…
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Balance Sheet
Prepare two balance sheets, one using the information in Practice 2–8 and the other using the information in Practice 2–9.
Practice 2–8
Trial Balance
Use the following account balance information to construct a trial balance:
Cost of Goods Sold
$ 9,000
Accounts Payable
1,100
Paid-In Capital
2,000
Cash
400
Sales
10,000
Dividends
700
Retained Earnings (beginning)
1,000
Inventory
4,000
Practice 2–9
Trial Balance
Use the following account balance information to construct a trial balance:
Salary Expense
$18,000
Unearned Service Revenue
4,700
Paid-In Capital
2,000
Cash
800
Service Revenue
20,000
Rent Expense
6,400
Retained Earnings (beginning)
1,500
Prepaid Rent Expense
3,000
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