Solution-The adjusted trial balance amounts at june

The adjusted trial balance amounts at june

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Reference no: EM13555592

1. Skolnick Co. was organized on April 1, 2010.The company prepares quarterly financial statements. The adjusted trial balance amounts at June 30 are shown below.

Debits	Credits
Cash	$ 6,700	Accumulated Depreciation-	$ 850
Accounts Receivable	600	Equipment
Prepaid Rent	900	Notes Payable	5,000
Supplies	1,000	Accounts Payable	1,510
Equipment	15,000	Salaries Payable	400
Bob Skolnick, Drawing	600	Interest Payable	50
Salaries Expense	9,400	Unearned Rent	500
Rent Expense	1,500	Bob Skolnick, Capital	14,000
Depreciation Expense	850	Commission Revenue	14,200
Supplies Expense	200	Rent Revenue	800
Utilities Expense	510
Interest Expense	50
Total debits	$37,310	Total credits	$37,310

Reference no: EM13555592

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The adjusted trial balance amounts at june

Reference no: EM13555592

Reference no: EM13555592

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