The accounts in the ledger of ABC as of June 30 of the current year are listed in alphabetical order as follows. All accounts have normal balances. The balance of the cash account has been intentionally omitted.
A/P--------------------------------------------------------------- 21,910
A/R--------------------------------------------------------------- 28,500
Cash--------------------------------------------------------------- ?
ABC capital------------------------------------------------------ 150,000
ABC Drawing---------------------------------------------------- 28,000
Fees earned------------------------------------------------------350,000
Insurance expense----------------------------------------------- 5,000
Land-------------------------------------------------------------- 125,000
Miscellaneous expense----------------------------------------- 9,900
Note payable----------------------------------------------------- 25,000
Prepaid insurance------------------------------------------------ 3,150
Rent Expense----------------------------------------------------- 48,000
Salary Expense--------------------------------------------------215,000
Supplies------------------------------------------------------------ 3,900
Supplies Expense------------------------------------------------- 6,100
Utilities Expense--------------------------------------------------41,500
Instruction:
Prepare a trial balance, listing the accounts in their proper order and inserting the missing figure for cash.