The accounts in the ledger of Hickory Furniture Company as of December 31, 2016, are listed in alphabetical order as follows. All accounts have normal balances. The balance of the cash account has been intentionally omitted.
Accounts Payable $ 42,770
Notes Payable $ 50,000
Accounts Receivable 116,900
Prepaid Insurance 21,600
Cash ?
Rent Expense 48,000
Common Stock 15,000
Retained Earnings 60,000
Dividends 24,000
Supplies 4,275
Fees Earned 745,230
Supplies Expense 6,255
Insurance Expense 3,600
Unearned Rent 12,000
Land 50,000
Utilities Expense 26,850
Miscellaneous Expense 9,500
Wages Expense 580,700
Prepare an unadjusted trial balance, listing the accounts in their normal order and inserting the missing figure for cash.
Answer:
HICKORY FURNITURE COMPANY
Unadjusted Trial Balance
December 31, 2016
Cash* 33,320
Accounts Receivable 116,900
Supplies 4,275
Prepaid insurance 21,600
Land 50,000
Accounts Payable 42,770
Unearned Rent 12,000
Notes Payable 50,000
Common Stock 15,000
Retained Earnings 60,000
Dividends 24,000
Fees Earned 745,230
Wages Expense 580,700
Rent Expense 48,000
Utilities Expense 26,850
Supplies Expense 6,255
Insurance Expense 3,600
Miscellaneous Expense 9,500
*$33,320 = $925,000 – $9,500 – $3,600 – $6,255 – $26,850 – $48,000 – $580,700 – $24,000
– $50,000 – $21,600 – $4,275 – $116,900
mengapa terdapat commonstock?
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