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.

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Definitions:

Transitional Expression

Words or phrases that provide a connection between ideas, sentences, and paragraphs, making text easier to read and understand.

Blood Vessels

Tubular structures carrying blood through the tissues and organs; a vital part of the circulatory system.

Alcoholics Anonymous

A fellowship of people who share their experience, strength, and hope with each other to solve their common problem and help others recover from alcoholism.

Addiction-Related Alcohol

Issues or dependencies stemming from the excessive consumption of alcoholic beverages, often leading to health and social problems.