Question
Harborview Trading uses a periodic inventory system . Its adjusted trial balance at December 31, 2025 is shown below. Account Debit Credit Cash 35,850 Accounts Receivable 41,000 Inventory, January 1 36,000 Prepaid Insurance 3,200 Equipment 75,000 Acc
Statements in this challenge
- Income StatementIncome Statement
- Statement of Financial PositionBalance Sheet
Scoring
- 40% Account naming / line matching
- 40% Amount correctness
- 20% Structure / section placement