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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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