Question

The accounts in the ledger of Marigold Corp. contain the following balances on July 31, 2019. Accounts Receivable $6,870 Prepaid Insurance $1,510 Accounts Payable 8,610 Maintenance and Repairs Expense 640 Cash ? Service Revenue 11,570 Equipment 50,100 Dividends 500 Gasoline Expense 500 Common Stock 40,400 Utilities Expense 880 Salaries and Wages Expense 4,410 Notes Payable 17,200 Salaries and Wages Payable 970 Retained Earnings 4,300

Answer 1

Accounts Receivable $6,762 Prepaid Insurance $1,994 Accounts Payable 8,119 Maintenance And Repairs Expense 956 Cash ? Service Revenue 10,298 Equipment 50,033 Dividends 617 Gasoline Expense 570 ... The accounts in the ledger of Tempus Fugit Delivery Service contain the following balances on July 31, ...

Explanation: