The accounts in the ledger of Seaside Furniture Company as of August 20Y5 are listed...

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Accounting

The accounts in the ledger of Seaside Furniture Company as of August 20Y5 are listed in alphabetical order as follows. All accounts have normal balances. The balance of the cash account has been intentionally omitted.

Line Item Description Amount
Accounts Payable $25,850
Accounts Receivable 51,700
Cash ?
Common Stock 90,700
Dividends 28,000
Fees Earned 430,800
Insurance Expense 8,200
Land 118,050
Miscellaneous Expense 12,050
Notes Payable 56,000
Prepaid Insurance 3,900
Rent Expense 81,900
Retained Earnings 29,900
Supplies 2,600
Supplies Expense 10,750
Unearned Rent 12,500
Utilities Expense 57,750
Wages Expense 241,250

Prepare an unadjusted trial balance. List all the accounts in the order of Assets, Liabilities, Stockholders equity, Revenues, and Expenses. Place the amounts in the proper columns. If an entry is not required in an amount box, leave it blank.

Line Item Description Debit Balances Credit Balances
Accounts PayableCashCommon StockDividendsInsurance ExpenseAccounts Payable Accounts Payable Accounts Payable
Accounts PayableAccounts ReceivableFees EarnedSupplies ExpenseWage Expense - Select - - Select -
Common StockDividendsSupplies ExpenseSuppliesUnearned Rent - Select - - Select -
Accounts PayableFees EarnedPrepaid InsuranceRent ExpenseUnearned Rent - Select - - Select -
Accounts PayableDividendsInsurance ExpenseLandNotes Payable - Select - - Select -
Accounts PayableAccounts ReceivableCashCommon StockRent Expense - Select - - Select -
Common StockDividendsFees EarnedPrepaid InsuranceUnearned Rent - Select - - Select -
Common StockDividendsFees EarnedNotes PayableSupplies - Select - - Select -
Accounts PayableCommon StockLandPrepaid InsuranceSupplies - Select - - Select -
CashFees EarnedNotes PayableRent ExpenseRetained Earnings - Select - - Select -
Accounts PayableAccounts ReceivableDividendsFees EarnedSupplies - Select - - Select -
CashFees EarnedLandRent ExpenseWages Expense - Select - - Select -
CashDividendsLandUnearned RentWages Expense - Select - - Select -
DividendsFees EarnedRent ExpenseSuppliesUnearned Rent - Select - - Select -
Common StockLandSuppliesUnearned RentUtilities Expense - Select - - Select -
Accounts PayableCashPrepaid InsuranceSupplies ExpenseUnearned Rent - Select - - Select -
Accounts ReceivableInsurance ExpensePrepaid InsuranceSuppliesUnearned Rent - Select - - Select -
DividendsFees earnedMiscellaneous ExpensePrepaid InsuranceSupplies - Select - - Select -
Total Total Total

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