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Reece Financial Services Co., which specializes in appliance repair services, is owned and operated by Joni Reece. Reece Financial Services' accounting clerk prepared the
Reece Financial Services Co., which specializes in appliance repair services, is owned and operated by Joni Reece. Reece Financial Services' accounting clerk prepared the following unadjusted trial balance at July 31, 2019: Reece Financial Services Co. Unadjusted Trial Balance July 31, 2019 Debit Credit Balances Balances Cash Accounts Receivable 3,740 33,910 Prepaid Insurance 6,320 Supplies 1,720 Land 99,730 Building 179,880 Accumulated Depreciation-Building 121,860 Equipment 119,850 Accumulated Depreciation-Equipment 86,790 Accounts Payable 10,630 Unearned Rent 6,040 Common Stock 80,000 Retained Earnings Dividends 115,400 13,220
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