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.

What is the total of the debit side of the unadjusted trial balance?

  Accounts receivable $ 5,200   Accounts payable 685   Cash 1,770   Service revenue 6,410   Common stock 4,700   Equipment 5,600   Insurance expense 435   Land 4,500   Notes payable, due 2018 4,700   Notes receivable, matures 2016 1,270   Prepaid insurance 435   Rent expense 1,435   Retained earning, January 1, 2015 7,920   Salaries and wages expense 3,770

What is the total of the debit side of the unadjusted trial balance?

Explanation / Answer

Debit side

Accounts receivable 5200 cash 1770 equipment 5600 Insurance expense 435 Land 4500 Note receivable 1270 prepaid insurance 435 Rent expense 1435 Salaries and wages expense 3770 Total 24415

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