Using the following account balances for Garry’s Tree Service, prepare a trial balance. If an amount box does not require an entry, leave it blank. Cash $25,000Supplies 1,000Accounts Payable 7,000Common Stock 32,910Wage Expense 2,000Machinery 18,350Wages Payable 3,600Service Revenue 21,000Rent Expense 11,500Unearned Revenue 1,500Accumulated Depreciation—Machinery 7,340Prepaid Rent 12,200Dividends 3,300

                                                                           Debits                   Credits

Cash                                                                   25,000

Supplies                                                                1,000

Wage Expense                                                    2,000

Machinery                                                            18,350

Rent Expense                                                      11,500

Prepaid Rent                                                       12,200

Accounts Payable                                                                             7,000

Common Stock                                                                                32,910

Wages Payable                                                                                 3,600

Service Revenue                                                                             21,000

Unearned Revenue                                                                          1,500

Accumulated Depreciation—Machinery                                          7,340

Totals                                                                   70050                 70050

Explanation:

A Trial Balance is a list of Balances - Debits and Credits extracted from ledger Accounts from which Financial Statement can be prepared.

Note : Dividends are not included in the Trial Balance, they do not originate from any ledger Account.

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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