ANSWERS TO QUESTIONS

Watteau Co. Trial Balance June 30, 2007 Debit Credit Cash ($2,870 + $180 – $65 – $65) $ 2,920 Accounts Receivable ($3,231 – $180) 3,051 Supplies ($800 – $500) 300 Equipment ($3,800 + $500) 4,300 Accounts Payable ($2,666 – $206 – $260) $ 2,200 Unearned Service Revenue ($1,200 – $325) 875 Common Stock 6,000 Dividends 575 Retained ... ................
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