Answered step by step
Verified Expert Solution
Question
1 Approved Answer
find the unadjusted trial balance Required Information The general ledger of Red Storm Cleaners at January 1, 2021, Includes the following account balances Credits Debits
find the unadjusted trial balance
Required Information The general ledger of Red Storm Cleaners at January 1, 2021, Includes the following account balances Credits Debits $17,000 7,480 3,400 12,080 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals $ 3,800 5,800 22,000 8,200 $39,800 $ 39,800 The following is a summary of the transactions for the year 1. March 12 Provide services to customers, $54,000, of which 520,400 is on account. 2. May 2 Collect on accounts receivable, $17,400. 3. June 30 Issue shares of common stock in exchange for $6,000 cash. 4. August 1 Pay salaries of $5,800 from 2828 (prior year). 5. September 25 Pay repairs and maintenance expenses, 512,400. 6. October 19 Purchase equipment for $7,488 cash. 7. December 30 Pay 51,100 cash dividends to stockholders. 4. Prepare an unadjusted trial balance RED STORM CLEANERS Unadjusted Trial Balance December 31, 2021 Debit Accounts Credit 47 300 10 DOD Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable 3,400 19,400 5.800 Prey 2 3 4Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started