Question

1. 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.

Accounts Payable	$32,050
Accounts Receivable	64,100
Cash	?
Common Stock	119,700
Dividends	35,000
Fees Earned	534,300
Insurance Expense	10,150
Land	146,400
Miscellaneous Expense	14,950
Notes Payable	69,000
Prepaid Insurance	4,800
Rent Expense	101,500
Retained Earnings	29,900
Supplies	3,200
Supplies Expense	13,350
Unearned Rent	15,500
Utilities Expense	71,600
Wages Expense	299,200

Answer 1

	Unadjusted Trial balance
	Accounts Title	Dr	Cr
1	Cash	41300
2	Accounts Receivable	64100
3	Supplies	3200
4	Prepaid Insurance	4800
5	Land	146400
6	Accounts Payable		32050
7	Unearned Rent		15500
8	Notes Payable		69,000
9	Fees Earned		534300
10	Wages Expense	299200
11	Rent Expense	101500
12	Utilities Expense	71600
13	Supplies Expense	13350
14	Insurance Expense	10150
15	Miscellaneous Expense	14950
16	Common Stock		119700
18	Total	770550	770550
	Note
	Balance before cash	729250	770550
	Cash (770550-729250)	41300