The Ledger Accounts of the Fabulous Muscles Gym at June

question 165

Essay

The ledger accounts of the Fabulous Muscles Gym at June 30, 2018 are shown below: $\begin{array}{lr}\text { Accounts Payable } & \$ 9,100 \\\text { Accounts Receivable } & 1,050 \\\text { Buildings } & 43,000 \\\text { Cash } & 14,100 \\\text { Common Stock } & 62,800 \\\text { Dividends } & 10,500 \\\text { Equipment } & 42,900 \\\text { Notes Payable } & 40,000 \\\text { Supplies } & 350\end{array}$
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:

Industrial Revolution

A period of major industrialization from the late 18th to early 19th century that transformed primarily agrarian, rural societies in Europe and America into industrialized, urban ones.

Agrarian Production

An economic system centered on agricultural production, such as farming and livestock breeding.

Manufacturing

The process of producing goods and products in large quantities using machinery, labor, and various industrial processes.

The Sociological Evolution

refers to the process of change and development in human societies over time, examining how social structures, institutions, and patterns of behavior emerge, stabilize, and transform.