Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Consider the following information from a companys unadjusted trial balance at December 31, 2015. All accounts have normal balances. Accounts receivable $ 5,800 Accounts payable

Consider the following information from a companys unadjusted trial balance at December 31, 2015. All accounts have normal balances.

Accounts receivable $ 5,800
Accounts payable 715
Cash 1,830
Service revenue 7,190
Common stock 5,300
Equipment 6,200
Insurance expense 465
Land 5,100
Notes payable, due 2018 5,300
Notes receivable, matures 2016 1,330
Prepaid insurance 465
Rent expense 1,465
Retained earning, January 1, 2015 7,980
Salaries and wages expense 3,830

What is the total of the debit side of the unadjusted trial balance?

$17,985.

$26,485.

$21,185.

$20,470.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions