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des arnett
Aug 1, 2009, 08:07 AM
If an unadjusted trial balance sheet showed a total of $200,020 and you had to add revenue of $2,000 and expenses of $1,000, what would be new total balance?

ArcSine
Aug 2, 2009, 05:06 AM
First, clarify what the $200,020 represents... is it total assets, total equity, retained earnings??

Along with that clarification, post your thoughts on how you think the 200,020 should be affected by those two adjustments, and tell what your uncertainties are.