Unadjusted Trial Balance The accounts in the ledger of Atlantic Furniture Compan

Question

Unadjusted 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 42,720 Accounts Payable Accounts Receivable Cash Common Stock Dividends Fees Earned Insurance Expense Land Miscellaneous Expense Notes Payable Prepaid Insurance Rent Expense Retained Earnings Supplies Supplies Expense Unearned Rent Utilities Expense Wages Expense S44,000 21,000 43,000 57,000 4.490 6,030 9,900 26,760 574,000 115,890 15,000 22,000 746.470 3,300 44,000 9,200 Prepare an unedusteamaibaian and insert the missing figure for cash

Explanation / Answer

cash balance = total credit balance - total debit balances other than cash.

Account title Debit Credit Cash            45,420 Accounts receivable        1,15,890 Supplies              4,490 Prepaid insurance            21,000 Land            44,000 Accounts payable        42,720 Unearned rent           9,900 Notes payable        44,000 Common stock        15,000 Retained earnings        57,000 Dividends            22,000 Fees earned     7,46,470 Wages expense        5,74,000 Rent expense            43,000 Utilities expense            26,760 Supplies expense              6,030 Insurance expense              3,300 Misc expense              9,200 Totals        9,15,090     9,15,090

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