Consider the following information from a company’s unadjusted trial balance at

Question

Consider the following information from a company’s unadjusted trial balance at December 31, 2015. All accounts have normal balances.

Accounts receivable $ 5,600

Accounts payable 705

Cash 1,810

Service revenue 6,930

Common stock 5,100

Equipment 6,000

Insurance expense 455

Land 4,900

Notes payable, due 2018 5,100

Notes receivable, matures 2016 1,310

Prepaid insurance 455

Rent expense 1,455

Retained earning, January 1, 2015 7,960

Salaries and wages expense 3,810

What is the total of the debit side of the unadjusted trial balance? $19,990. $25,795. $20,695. $17,295.

Explanation / Answer

Accounts titles Debit $ Accounts receivable $    5,600.00 Cash $    1,810.00 Equipement $    6,000.00 Prepaid insurance $        910.00 Land $    4,900.00 Notes receivable $    1,310.00 Rent $    1,455.00 Slaries and wages $    3,810.00 $ 25,795.00 Correct option is $25,795

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