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    mayoroflagos's Avatar
    mayoroflagos Posts: 2, Reputation: 1
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    #1

    Jul 12, 2011, 07:54 AM
    Accounting - Trial Balance
    How do you enter Interest due on Directors Loan on the Trial Balance?
    ajwj7900's Avatar
    ajwj7900 Posts: 1, Reputation: 1
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    #2

    Jul 13, 2011, 09:05 AM
    Prepare an unadjusted trial balance:

    Accounts payable: 28,000
    Accounts receivable:6,250
    Capital stock: 50,000
    Cash: ?
    Dividens: 30,000
    Fees earned: 465,000
    Ins. Exp: 9,000
    Land: 127,500
    Misc. expen: 13,350
    Notes payable: 60,000
    Prepaid ins.: 4,500
    Rent expen: 90,000
    Retained earnings: 79.850
    Supplies: 3,150
    Supplies expen: 11,850
    Unearned rent: 13,500
    Utilities expen: 62,250
    Wages expen: 262,500
    The balance of the cash account has been intentionally omitted
    mayoroflagos's Avatar
    mayoroflagos Posts: 2, Reputation: 1
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    #3

    Jul 13, 2011, 09:15 AM
    Comment on ajwj7900's post
    Where is the Accrued Interest on Loan?
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