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Trial Balance The accounts in the ledger of Atlantic Furniture Company as of July 2018 are listed in alphabetical order as follows. All accounts have

Trial Balance

The accounts in the ledger of Atlantic Furniture Company as of July 2018 are listed in alphabetical order as follows. All accounts have normal balances. The balance of the cash account has been intentionally omitted.

Accounts Payable $35,700
Accounts Receivable 71,450
Cash ?
Common Stock 136,800
Dividends 39,000
Fees Earned 595,400
Insurance Expense 11,300
Land 163,150
Miscellaneous Expense 16,650
Notes Payable 77,000
Prepaid Insurance 5,350
Rent Expense 113,100
Retained Earnings 29,900
Supplies 3,550
Supplies Expense 14,900
Unearned Rent 17,300
Utilities Expense 79,800
Wages Expense 333,400

a. Prepare an unadjusted trial balance. List all the accounts in the order of Assets, Liabilities, Stockholders equity, Revenues, and Expenses. Place the amounts in the proper columns. If an entry is not required in an amount box, leave it blank.

Atlantic Furniture Company
Unadjusted Trial Balance
July 31, 2018
Debit Balances Credit Balances

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