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Based on the account balances below, what is the total of the debit and credit columns of the adjusted trial balance?
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Question & Answer: Based on the account balances below, what is the total of the debit and credit columns of the adju…..
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The answer is 20544
I’d like ti have a break down to get that number please
THank you
Expert Answer
| Debit | Credit | |
| Service revenue | 8480 | |
| Cash | 4040 | |
| Unearned serice revenue | 8512 | |
| Salaries and wages expense | 1680 | |
| Common stock | 624 | |
| Equipment | 11840 | |
| Prepaid insurance | 1960 | |
| Depreciation expense | 1024 | |
| Accumulated depreciation | 2048 | |
| Retained earnings | 880 | |
| Total | $20544. | $20544. |
