Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

what would balanc sheet look like with this:WELLS TECHNICAL INSTITUTE Unadjusted Trial Balance December 3 1 Debit Credit Cash $ 2 6 , 7 9

what would balanc sheet look like with this:WELLS TECHNICAL INSTITUTE
Unadjusted Trial Balance
December 31
Debit Credit
Cash $ 26,793
Accounts receivable 0
Teaching supplies 10,304
Prepaid insurance 15,458
Prepaid rent 2,062
Professional library 30,913
Accumulated depreciationProfessional library $ 9,275
Equipment 98,000
Accumulated depreciationEquipment 16,489
Accounts payable 25,000
Salaries payable 0
Unearned revenue 14,000
Common stock 24,851
Retained earnings 76,000
Dividends 41,220
Tuition revenue 105,108
Training revenue 39,158
Depreciation expenseProfessional library 0
Depreciation expenseEquipment 0
Salaries expense 49,464
Insurance expense 0
Rent expense 22,682
Teaching supplies expense 0
Advertising expense 7,214
Utilities expense 5,771
Totals $ 309,881 $ 309,881

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Derivatives Markets

Authors: Rober L. Macdonald

4th edition

321543084, 978-0321543080

Students also viewed these Accounting questions