Session 7b - Brief Exercise (Graded)
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The account balances (after adjustments) from the general ledger of Carla Vista Company at September 30, 2024, follow in alphabetical order. All accounts have normal balances.
Accounts payable $2,970
Accounts receivable $6,140
Accumulated depreciation—equipment $6,360
Cash $1,040
Depreciation expense $2,910
Equipment $30,100
Prepaid rent $880
Rent expense $1,760
Salaries expense $12,380
Salaries payable $990
Service revenue $48,895
Unearned revenue $895
W. Carla Vista, Capital $15,550
W. Carla Vista, Drawings $20,450
(a) Prepare an adjusted trial balance.
(b) Beside each account, identify whether it is an asset, liability, capital, drawings, revenue, or expense.
(c) Beside each account, identify whether it should be included on the income statement, statement of owner's equity, or balance sheet.
CARLA VISTA COMPANY
Adjusted Trial Balance
Debit Credit (b) (c)
Totals
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