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 $ 42,770 Notes Payable $ 50,000 Accounts Receivable 116,900 Prepaid Insurance 21,600 Cash ? Rent Expense 48,000 Elaine Wells, Capital 75,000 Supplies 4,275 Elaine Wells, Drawing 24,000 Supplies Expense 6,255 Fees Earned 745,230 Unearned Rent 12,000 Insurance Expense 3,600 Utilities Expense 26,850 Land 50,000 Wages Expense 580,700 Miscellaneous Expense 9,500
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 | $ 42,770 | Notes Payable | $ 50,000 | |
Accounts Receivable | 116,900 | Prepaid Insurance | 21,600 | |
Cash | ? | Rent Expense | 48,000 | |
Elaine Wells, Capital | 75,000 | Supplies | 4,275 | |
Elaine Wells, Drawing | 24,000 | Supplies Expense | 6,255 | |
Fees Earned | 745,230 | Unearned Rent | 12,000 | |
Insurance Expense | 3,600 | Utilities Expense | 26,850 | |
Land | 50,000 | Wages Expense | 580,700 | |
Miscellaneous Expense | 9,500 |
Prepare an unadjusted trial balance, listing the accounts in their normal order and inserting the missing figure for cash.
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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 |
|
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