Magic Music DJ Service is a DJ Service in Ottawa providing music for weddings and private parties. The account balances at December 31, 2013 are below.
Requirements
Prepare a trial balance in proper accounting format.
Definitions:
Minimum Rate
The lowest possible interest rate that could be applied to a loan or financial product.
Guaranteeing Month-end
ensuring financial or operational activities are completed or accounted for at the end of each month.
20-year Annuity
A financial product that provides a stream of payments to the holder for a period of 20 years.
Future Value
The value of a current asset at a specified date in the future based on an assumed rate of growth or interest.
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