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E4-1 Preparing a Trial Balance LO4-1 Paige Consultants, Inc., provides marketing research for clients in the retail industry. The company had the following unadjusted balances
E4-1 Preparing a Trial Balance LO4-1
Paige Consultants, Inc., provides marketing research for clients in the retail industry. The company had the following unadjusted balances at the end of the current year:
Required:
Prepare, in financial statement order, an unadjusted trial balance for Paige Consultants, Inc., at the end of the current year.
Depreciation Expense Accumulated Depreciation Salaries Payable 8,800 19,700 28,050 Cash Supplies Expenses Supplies 157,000 22,650 13,000 Interest Expense Salaries Expense 1,690,000 Prepaid Expenses 11,000 18,000 Accounts Receivable Consulting Fees Revenue Retained Earnings 229,400 2,604,200 Income Taxes Payable Travel Expense Buildings and Equipment 3,190 25,590 631,040 Utilities Expense Gain on Sale of Land Unearned Consulting Fees 27,630 6,800 34,900 Investment Income Accounts Payable Land 11,600 100,830 66,400 Professional Common Stock Additional Paid-in Capital Development Expense 3,530 228,000 20,200 Rent Expense Notes Payable (on leased computers) Investments 333,000 168,000 158,480 PAIGE CONSULTANTS, INC. Unadjusted Trial Balance At the End of the Current Year Account Titles Debit Credit TotalsStep by Step Solution
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