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What should the unadjusted trial balance be? The following transactions took place during the month of December, 2019: Dec. 1 Paid $7,500 to cover rent

What should the unadjusted trial balance be?

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The following transactions took place during the month of December, 2019: Dec. 1 Paid $7,500 to cover rent for December, January, February, and March. 2 Paid an annual premium of $8,400 for business insurance. 3 Received $16,500 from a customer to satisfy a balance from sales in September. 3 Paid $28,500 for display cases and other store fixtures. 5 Borrowed $20,000 from the bank, signing a 3-year, 5.3% promissory note. 7 Purchased $48,000 of merchandise from Gilbert Company with terms 2/10, n/30. 9 Purchased merchandise for $28,000 cash. 10 Returned damaged merchandise to Gilbert Company; received credit for $17,000. 10 Investors paid a total of $30,000 to purchase 20,000 shares of the company's $.80 par value common stock. 10 Sold merchandise to R.J. Anderson on account, $28,000 with terms 2/10, net/30. 12 Received and paid telephone bill in the amount of $425 for December service. 13 Completed a $9,700 credit sale to Ben Jackson with terms 1/10, n/30. 14 Paid the balance due to Gilbert Company. 15 Received $2,000 of merchandise returned by Ben Jackson. 16 Purchased $18,000 of merchandise from Leo Company with terms 1/10, n/30. 17 A company that owed us $1, 100 filed bankruptcy. The account was written off. 19 Bought $580 of supplies on account. 20 Sold merchandise on account to Martha Conner for $26,000, terms 2/15, n/30. 20 Received payment in full from Ben Jackson. 24 Received a $385 bill for electricity used in December. 28 Received a check from R.J. Anderson for payment in full. 28 Recorded cash sales for December totaling $39,650. 29 Paid half of the amount owed to Leo Company. 31 Improve It declared and paid a $. 13 per share cash dividend. (One simple entry)

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