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I’m trying to study for my Accounting course and I need some help to understand this question.
Exercise 4-7
Kay Magill Company had the following adjusted trial balance.
KAY MAGILL COMPANY
Adjusted Trial Balance
For the Month Ended June 30, 2015
Adjusted Trial Balance
Account Titles
Debit
Credit
Cash $3,712
Accounts Receivable 3,904
Supplies 480
Accounts Payable $1,556
Unearned Service Revenue 160
Common Stock 4,000
Retained Earnings 1,760
Dividends 628
Service Revenue 4,300
Salaries and Wages Expense 1,344
Miscellaneous Expense 256
Supplies Expense 1,900
Salaries and Wages Payable 448
Total $12,224 $12,224
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