=+3. Prepare an unadjusted trial balance for Photogenic Designs as of July 31, 2010. Dodge City Realty
Question:
=+3. Prepare an unadjusted trial balance for Photogenic Designs as of July 31, 2010.
Dodge City Realty acts as an agent in buying, selling, renting, and managing real estate.
The unadjusted trial balance on July 31, 2010, is shown below.
Dodge City Realty Unadjusted Trial Balance July 31, 2010 Debit Credit Balances Balances 11 Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33,920 12 Accounts Receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57,200 13 Prepaid Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,200 14 Office Supplies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,600 16 Land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —
21 Accounts Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,920 22 Unearned Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —
23 Notes Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —
31 Drew Harris, Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50,480 32 Drew Harris, Drawing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25,600 41 Fees Earned . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 352,000 51 Salary and Commission Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . 224,000 52 Rent Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28,000 53 Advertising Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22,880 54 Automobile Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,240 59 Miscellaneous Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,760 _________ _________ _________ _________ 412,400 412,400 _________ _________ PR 2-4A Journal entries and trial balance objs. 1, 2, 3, 4
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