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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