Question

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	$ 42,910		Notes Payable	$ 45,000
Accounts Receivable	115,920		Prepaid Insurance	20,500
Cash	?		Rent Expense	47,000
Elaine Wells, Capital	70,000		Supplies	4,880
Elaine Wells, Drawing	21,500		Supplies Expense	7,410
Fees Earned	746,900		Unearned Rent	13,000
Insurance Expense	3,400		Utilities Expense	26,150
Land	45,000		Wages Expense	573,200
Miscellaneous Expense	10,000

Prepare an unadjusted trial balance, listing the accounts in their normal order and inserting the missing figure for cash.

Unadjusted Trial Balance

Prepare an unadjusted trial balance, listing the accounts in their normal order and inserting the missing figure for cash.

Hickory Furniture Company

UNADJUSTED TRIAL BALANCE

December 31, 2016

	ACCOUNT TITLE	DEBIT	CREDIT
1	Cash
2	Accounts Receivable
3	Supplies
4	Prepaid insurance
5	Land
6	Accounts Payable
7	Unearned Rent
8	Notes Payable
9	Elaine Wells, Capital
10	Elaine Wells, Drawing
11	Fees Earned
12	Wages Expense
13	Rent Expense
14	Utilities Expense
15	Supplies Expense
16	Insurance Expense
17	Miscellaneous Expense
18	Totals

Answer 1

	Account Title	Debit	Credit
1	Cash (balancing figure)	42850
2	Accounts Receivable	115920
3	Supplies	4880
4	Prepaid Insurance	20500
5	Land	45000
6	Accounts Payable		42910
7	Unearned Rent		13000
8	Notes Payable		45000
9	Elaine Wells, Capital		70000
10	Elaine Wells, Drawing	21500
11	Fees Earned		746900
12	Wages Expense	573200
13	Rent Expense	47000
14	Utilities Expense	26150
15	Supplies Expense	7410
16	Insurance Expense	3400
17	Miscellaneous Expense	10000
	TOTAL	917810	917810