13 given the following account balances for felay 39 s second hand shop on december 4307511

13 given the following account balances for felay 39 s second hand shop on december 4307511

13) Given the following account balances for Felay's Second Hand Shop on December 31, 2012, prepare a trial balance.

Accounts Payable $15,000

Sales 93,000

Merchandise Inventory 32,000

Accum. Depreciation, Equipment 3,000

Supplies 2,000

Paid-in Capital 32,000

Cost of Goods Sold 38,000

Retained Earnings 20,000

Wages Payable 8,000

Cash 26,000

Wage Expense 29,000

Rent Expense 17,000

Equipment 27,000

14) Given the following account balances for Nelson Communications, prepare a trial balance for March 31, 2012.

Wage Expense 19,000

Paid-in Capital $51,000

Cost of Goods Sold 21,000

Prepaid Rent 500

Wages Payable 2,000

Accounts Receivable 9,000

Sales 49,000

Equipment 64,000

Cash 6,000

Accounts Payable 8,000

Retained Earnings 17,500

Rent Expense 2,000

Merchandise Inventory 11,000

Accum. Depreciation, Equipment 5,000

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