The Ledger Accounts of the Flex Gym at June 30

question 167

Essay

The ledger accounts of the Flex Gym at June 30, 2022 are shown below: $\begin{array}{lr}\text { Accounts Payable } & \$ 9,800 \\\text { Accounts Receivable } & 7,050 \\\text { Buildings } & 63,000 \\\text { Owner's Capital } & 71,800 \\\text { Cash } & 6,200 \\\text { Equipment } & 42,500 \\\text { Notes Payable } & 46,000 \\\text { Supplies } & 350 \\\text { Owner's Drawings } & 8,500\end{array}$ Instructions
Prepare a trial balance with the ledger accounts arranged in the proper financial statement order. Include the appropriate heading.

---

Definitions:

Subjective

Based on or influenced by personal feelings, tastes, or opinions rather than objective facts.

Organizational Objectives

The defined goals and aims that an organization seeks to achieve in order to fulfill its mission and attain long-term success.

Measurable Outcomes

Specific, quantifiable results or achievements that can be used to evaluate the success of a project or intervention.

Compensation Decisions

The process of determining and allocating monetary and non-monetary rewards to employees in exchange for their work and performance.