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gOOvER gOOvER
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4 years ago
Thermo HVAC is a heating and air conditioning service business. On December 31, 2014, after its first month of business, Thermo HVAC had the following balances in its accounts, listed alphabetically.

Accounts receivable   4, 100
Accounts payable    22, 000
Advertising expense   1, 600
Building    17, 000
Cash   Neutral Face
Capital    45, 000
Withdrawals   1, 800
Equipment    1, 800
Land    67, 000
Note payable    58, 000
Salary expense    1, 800
Service revenue    62, 000
Supplies    2, 900
Utilities expense    4, 200


Determine the balance in the cash account and prepare a trial balance using proper format.

Account Title   Debit   Credit
Textbook 

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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raovatallpyraovatallpy
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4 years ago
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Account Title   Debit   Credit
Cash   84,800   
Accounts receivable   4,100   
Supplies   2,900   
Equipment   1,800   
Building   17,000   
Land   67,000   
Accounts payable      22,000
Note payable      58,000
Capital      45,000
Withdrawals   1,800   
Service revenue      62,000
Advertising expense   1,600   
Salary expense   1,800   
Utilities expense   4, 200   
   $187,000        $187,000
This verified answer contains over 130 words.
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