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ACCOUNTING CYCLE
Ending balances of accounts
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To start her own business, Nancy Diaz put $27,800 of her personal cash into the business account.
Given the following additional transactions calculate the ending balance of each of the following accounts after all journal entry amounts
EUR
Cash, Utilities Expense, Accounts Payable, Wages Expense, and Wages Paya
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Item
Description
Debit
al S
tilities Expen
Cash
Accounts Payable
S01 200
Utilities Expense
Accounts Payable
235
CU
100
Accounts Payable
W
Wages Expense
Wages Payable
Wages Expense
795
2
Wages Payable
1
795
ges Payable