Case Study Chapter 2
Great Wonder Farm Data Table
ASSETS = LIABILITIES +
EQUITY
Contributed
Capital
Retained Earnings
Salaries
Common
Service
Salaries
Cash
Payable
Stock
Dividends + Revenue -
Expense
25,000 11,000
500 4,000
25,000
1,100
4,300
1,300
1,900 500
14,000
1,900
4,000
1,400 5,100
Notes Payable
1,100
5,100 33,000
2,170
Accounts
Receivable
4,300 1,400
Land
11,000
Building
33,000
Equipment
14,000
Using this data table, make a Trial Balance for Great Wonder Farm.
Property
Tax
Expense
600
Advertising
Expense
270