The CEO of newly formed TrueTarget printed a copy of the companys general ledger prior to a recent.

The CEO of newly formed TrueTarget printed a copy of the companys general ledger prior to a recent plane flight. She settled into seat 5A next to where you were sitting. Once airborne, she removed the printed GL from her brief case and began examining the report. Unfortunately, she realized that her printer had run out of ink on the very last page. She is frustrated because she is not able to determine the companys exact profitability to date, and is on her way to a shareholder meeting where she is to issue a report on the companys progress. She happened to note that you were studying an

The CEO of newly formed TrueTarget printed a copy of the companys general ledger prior to a recent plane flight. She settled into seat 5A next to where you were sitting. Once airborne, she removed the printed GL from her brief case and began examining the report. Unfortunately, she realized that her printer had run out of ink on the very last page. She is frustrated because she is not able to determine the companys exact profitability to date, and is on her way to a shareholder meeting where she is to issue a report on the companys progress. She happened to note that you were studying an accounting book, and asked if you might help her. Prepare a trial balance from the general ledger, determine the missing amount for salaries expense, and determine the companys profit for its first month. Worksheet 3

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