Question
The accounts in the ledger of Hickory Furniture Company as of December 31, 2016, are listed in alphabetical order as follows. All accounts have normal
The accounts in the ledger of Hickory Furniture Company as of December 31, 2016, are listed in alphabetical order as follows. All accounts have normal balances. The balance of the cash account has been intentionally omitted.
Accounts Payable | $ 42,910 | Notes Payable | $ 45,000 | |
Accounts Receivable | 115,920 | Prepaid Insurance | 20,500 | |
Cash | ? | Rent Expense | 47,000 | |
Elaine Wells, Capital | 70,000 | Supplies | 4,880 | |
Elaine Wells, Drawing | 21,500 | Supplies Expense | 7,410 | |
Fees Earned | 746,900 | Unearned Rent | 13,000 | |
Insurance Expense | 3,400 | Utilities Expense | 26,150 | |
Land | 45,000 | Wages Expense | 573,200 | |
Miscellaneous Expense | 10,000 |
Prepare an unadjusted trial balance, listing the accounts in their normal order and inserting the missing figure for cash.
Unadjusted Trial Balance
Prepare an unadjusted trial balance, listing the accounts in their normal order and inserting the missing figure for cash.
Hickory Furniture Company
UNADJUSTED TRIAL BALANCE
December 31, 2016
ACCOUNT TITLE | DEBIT | CREDIT | |
---|---|---|---|
1 | Cash | ||
2 | Accounts Receivable | ||
3 | Supplies | ||
4 | Prepaid insurance | ||
5 | Land | ||
6 | Accounts Payable | ||
7 | Unearned Rent | ||
8 | Notes Payable | ||
9 | Elaine Wells, Capital | ||
10 | Elaine Wells, Drawing | ||
11 | Fees Earned | ||
12 | Wages Expense | ||
13 | Rent Expense | ||
14 | Utilities Expense | ||
15 | Supplies Expense | ||
16 | Insurance Expense | ||
17 | Miscellaneous Expense | ||
18 | Totals |
Step 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