From the Following Alphabetical List of Account Balances, All of Which

question 141

Essay

From the following alphabetical list of account balances, all of which are normal, for Aloha Company on September 30, 2010, prepare a trial balance in proper form (the amount of Ron Ho, Withdrawals must be computed) .
$\begin{array}{lr}\text { Accounts Payable } & 780 \\\text { Accounts Receivable } & 460 \\\text { Cash } & 400 \\\text { Equipment } & 1,380 \\\text { Prepaid Advertising } & 20 \\\text { Revenue Earned } & 1,000 \\\text { Ron Ho, Capital } & 1,200 \\\text { Ron Ho, Withdrawals } & ? \\\text { Wages Expense } & 60 \\\text { Wages Payable } & 20\end{array}$

---

Definitions:

Portfolio's Beta

A measure of the volatility, or systematic risk, of a portfolio in comparison to the market as a whole.

Stocks

Shares of ownership in a corporation, giving holders a claim on the company's earnings and assets.

Portfolio

An assortment of financial assets including stocks, bonds, commodities, currency, and equivalents, along with closed-end funds and exchange-traded funds (ETFs).

Securities

Financial vehicles that embody a part-ownership in a corporation traded on the stock market, a credit relationship with governmental organizations or companies (bonds), or the potential ownership conferred by holding options.