The Ledger Accounts of the Redlands Place Gym at June

question 70

Essay

The ledger accounts of the Redlands Place Gym at June 30, 2010 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:

Cash Registers

Electronic or mechanical devices used in retail settings to calculate and record sales transactions, and to store money.

Time Clocks

Devices used to record the start and end times of employees' work hours.

Internal Control System

A process put in place by a company's management and board of directors to help ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Protect Assets

Measures and strategies implemented by a business or individual to safeguard tangible and intangible assets from loss, theft, or damage.