The Ledger Accounts of the Flex Gym at June 30

question 67

Essay

The ledger accounts of the Flex Gym at June 30 2016 are shown below:
Instructions
Prepare a trial balance with the ledger accounts arranged in the proper financial statement order. Include the appropriate heading.

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Definitions:

Petty Cash Receipts

Petty cash receipts are documents that record small, immediate cash expenses incurred by a business, tracking the disbursement and replenishment of a petty cash fund.

Reimburse

To pay back money to someone which they have spent or lost.

Transportation-In

Costs associated with bringing raw materials to a manufacturing plant or storage location, typically classified as part of the inventory cost on the balance sheet.

NSF Check

A check that cannot be processed because the drawer's account does not have sufficient funds.