Musical Instruments Company sells musical instruments.On December 31,2019,after its first month of business,the sole proprietorship had the following balances in its accounts,listed alphabetically.
Determine the balance in the cash account and prepare the trial balance.
Definitions:
Revenue
The total income generated from the sale of goods or services before any expenses are subtracted.
Federal Government
The national government of a federal state, which shares sovereignty with subnational governments such as states or provinces.
User Charges
Fees paid directly for the use of public goods or services by the individuals or entities that use them.
Administrative Costs
Expenses related to the general operations of a business, including salaries of non-sales personnel, office supplies, and administrative support services.
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