Given the Following Transactions for the Warren Candle Company, Prepare

question 81

Essay

Given the following transactions for The Warren Candle Company, prepare a trial balance as of August 31, 2019
a)Owner, Wendy Warren invested $16,000 cash and equipment with a value of $7,500 into the business.
b)Purchased supplies on account, $350.
c)Rented office space paying one month's rent, $950.
d)Performed a service on account, $1,500.
e)Purchased a truck by paying $2,000 down and signing a note for the balance of $19,900.
f)Performed a service and immediately collected $900 cash.
g)Owner, Wendy Warren withdrew $900 for personal use.

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Definitions:

Theodore Roosevelt

The 26th president of the United States, known for his progressive policies, conservation efforts, and leadership of the Rough Riders.

Western Railroads

The network of train lines established in the Western United States during the 19th and early 20th centuries, significant for their role in the expansion and development of the region.

Trust-Busting

The practice of government efforts to break up corporate monopolies and ensure competition in the marketplace.

William Howard Taft

The 27th President of the United States (1909-1913) known for his role also as the 10th Chief Justice of the U.S. Supreme Court, making him the only person to have held both offices.