Trial Balance The accounts in the ledger of Seaside Furniture Company as of August 20Y5...

60.1K

Verified Solution

Question

Accounting

Trial Balance

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.

Accounts Payable$35,350Accounts Receivable70,700Cash?Common Stock135,100Dividends38,000Fees Earned589,200Insurance Expense11,200Land161,450Miscellaneous Expense16,500Notes Payable77,000Prepaid Insurance5,300Rent Expense111,900Retained Earnings29,900Supplies3,550Supplies Expense14,750Unearned Rent17,100Utilities Expense78,950Wages Expense329,950

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.

Debit BalancesCredit Balance

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students