Carlos Young started an engineering firm called Young Engineering. He began operations in March 2020 and completed seven transactions, including his initial investment of $17,000 cash. After these...


Carlos Young started an engineering firm called Young Engineering. He began operations in March 2020 and completed seven<br>transactions, including his initial investment of $17,000 cash. After these transactions, the ledger included the following accounts with<br>their normal balances:<br>$ 26,660<br>Cash<br>Office Supplies<br>Prepaid Insurance<br>Office Equipment<br>Accounts Payable<br>Carlos Young, Capital<br>Carlos Young, Withdrawals<br>Engineering Revenue<br>Rent Expense<br>660<br>3, 200<br>16,500<br>16,500<br>17,000<br>3,740<br>24,000<br>6,740<br>Required:<br>Prepare a trial balance for the business.<br>YOUNG ENGINEERING<br>Trial Balance<br>March 31, 2020<br>Debit<br>Credit<br>

Extracted text: Carlos Young started an engineering firm called Young Engineering. He began operations in March 2020 and completed seven transactions, including his initial investment of $17,000 cash. After these transactions, the ledger included the following accounts with their normal balances: $ 26,660 Cash Office Supplies Prepaid Insurance Office Equipment Accounts Payable Carlos Young, Capital Carlos Young, Withdrawals Engineering Revenue Rent Expense 660 3, 200 16,500 16,500 17,000 3,740 24,000 6,740 Required: Prepare a trial balance for the business. YOUNG ENGINEERING Trial Balance March 31, 2020 Debit Credit

Jun 10, 2022
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