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Using these account names (watch your spelling), prepare an adjusted trial balance from the adjusted account balances; solve for the one missing account balance: Cash
Using these account names (watch your spelling), prepare an adjusted trial balance from the adjusted account balances; solve for the one missing account balance: Cash (assume all accounts have normal balances):
Account Name | Normal Balance |
Accounts Payable | $19,000 |
Accounts Receivable | $23,760 |
Cash | ?? |
Common Stock | $38,000 |
Dividends | $9,000 |
Equipment | $20,000 |
Prepaid Insurance | $21,466 |
Land | $45,000 |
Notes Payable | $61,000 |
Retained Earnings | $18,815 |
Insurance Expense | $19,689 |
Service Revenue | $90,550 |
Supplies | $5,250 |
Salaries Expense | $51,000 |
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