Question

Using these account names (watch your spelling), prepare an adjusted trial balance from the adjusted account...

Using these account names (watch your spelling), prepare an adjusted trial balance from the adjusted account balances; solve for the one missing account balance: Cash (assume all accounts have normal balances):

Account Name Normal Balance
Accounts Payable $19,000
Accounts Receivable $23,760
Cash ??
Common Stock $38,000
Dividends $9,000
Equipment $20,000
Prepaid Insurance $21,466
Land $45,000
Notes Payable $61,000
Retained Earnings $18,815
Insurance Expense $19,689
Service Revenue $90,550
Supplies $5,250
Salaries Expense $51,000
Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Answer-

ADJUSTED TRAIL BALANCE
ACCOUNT TITLE DEBIT CREDIT
$
Accounts payable 19000
Accounts receivable 23760
Cash 32200
Common stock 38000
Dividends 9000
Equipment 20000
Prepaid insurance 21466
Land 45000
Notes payable 61000
Retained earnings 18815
Insurance expense 19689
Service revenue 90550
Supplies 5250
Salaries expense 51000
Total $ 227365 227365
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Prepare an adjusted trial balance from the following adjusted account balances (assume accounts have normal balances)....
Prepare an adjusted trial balance from the following adjusted account balances (assume accounts have normal balances). Please help, I'm so lost. Accounts payable - $6600 Accounts receivable - $12750 Admin expense - $49150 Cash - $28900 Common stock - $15000 Prepaid insurance - $8800 Service revenue - $78000
Charlie Corporation's adjusted trial balance included the following items (all account balances are normal): Accounts payable...
Charlie Corporation's adjusted trial balance included the following items (all account balances are normal): Accounts payable $65,000, Accounts receivable $45,000, Capital stock $100,000, Cash $50,000, Dividends $10,000, Goodwill $47,000, Interest expense $4,000, Interest payable $2,000, Inventory $38,000, Notes payable $80,000, Prepaid expenses $5,000, Property, plant & equipment $123,000, Retained earnings $46,000, Rent expense $18,000, Revenues $101,000, and Salary expense $60,000. How much are total assets?
Selected worksheet data for Elsayed Company are presented below. Trial Balance Adjusted Trial Balance Account Titles...
Selected worksheet data for Elsayed Company are presented below. Trial Balance Adjusted Trial Balance Account Titles Debit Credit Debit Credit Accounts Receivable ? 33,311 Prepaid Insurance 26,057 20,182 Supplies 7,197 ? Accumulated Depreciation—Equipment 12,313 ? Salaries and Wages Payable ? 4,852 Service Revenue 87,773 96,120 Insurance Expense ? Depreciation Expense 11,973 Supplies Expense 4,478 Salaries and Wages Expense ? 49,220
Prepare the 4 required year-end closing entries, given the following adjusted trial balance. Use Journal Entry...
Prepare the 4 required year-end closing entries, given the following adjusted trial balance. Use Journal Entry format. DEBIT CREDIT Cash $112,000 Accounts Receivable $27,000 Prepaid Rent $15,000 Prepaid Insurance $9,000 Office Supplies $3,300 Equipment $38,000 Accumulated Depreciation - Equipment $3,200 Building $288,000 Accumulated Depreciation - Building $42,000 Land $700,000 Accounts Payable $25,800 Salaries Payable $14,500 Interest Payable $2,500 Notes Payable $72,000 Common Stock $200,000 Retained Earnings $710,000 Dividends $200,500 Service fees earned $430,800 Salaries Expense $90,000 Insurance Expense $5,200 Rent...
Using the Adjusted Trial Balance below, prepare a) The General Journal Closing entries for Shona’s Real...
Using the Adjusted Trial Balance below, prepare a) The General Journal Closing entries for Shona’s Real Estate b) A Post-closing Trial Balance for Shona’s Real Estate Shona’s Real Estate List of Account Balances As at 30 June 2020 Cash at Bank 67,400 Shona, Capital 146,500 Loan Payable 74,300 Accounts Receivable 2,100 Revenue 143,000 Supplies 2,000 Motor Vehicles 89,000 Accumulated Depreciation- Motor Vehicles 8,200 Rent Expense 80,000 Unearned Revenue 1,700 Prepaid Advertising 1,200 Shona, Drawings 45,500 Accounts Payable 17,500 Wages Expense...
The partial adjusted account balances of the Raiders Fitness Center at December 31 are as follows:...
The partial adjusted account balances of the Raiders Fitness Center at December 31 are as follows: Accounts                                 Account Balances       Accounts                           Account Balances Cash                                                $ 16,000              Service Revenue                       $107,000 Accounts Receivable                         15,000              Interest Revenue                          13,000 Supplies                                                4,000              Depreciation Expense                   28,000 Prepaid Insurance                                8,000              Insurance Expense                       12,000 Buildings                                           300,000              Salaries and Wages Expense        45,000 Accumulated Depreciation—Building 120,000             Supplies Expense                            5,000             Utilities Expense                            10,000 Accounts Payable                              19,000              Unearned Service Revenue            7,000 Common Stock                                  90,000 Retained Earnings                            115,000 Dividends                                            10,000 Instructions Prepare...
Corrected Trial Balance The Colby Group has the following unadjusted trial balance as of August 31,...
Corrected Trial Balance The Colby Group has the following unadjusted trial balance as of August 31, 2019. The Colby Group Unadjusted Trial Balance August 31, 2019 Debit Balances Credit Balances Cash 18,680 Accounts Receivable 33,440 Supplies 4,390 Prepaid Insurance 4,730 Equipment 106,000 Notes Payable 44,100 Accounts Payable 9,490 Terry Colby, Capital 68,180 Terry Colby, Drawing 23,200 Fees Earned 350,100 Wages Expense 206,686 Rent Expense 40,900 Advertising Expense 17,200 Miscellaneous Expense 11,200 466,426 471,870 The debit and credit totals are not...
The adjusted trial balance for DVD Concepts at December 31, 2017, as follows: DVD CONCEPTS Adjusted...
The adjusted trial balance for DVD Concepts at December 31, 2017, as follows: DVD CONCEPTS Adjusted Trial Balance Year Ended December 31, 2017                                                                               Accounts                                                                      Debit                     Credit Cash                                                                         $    8,000 Accounts Receivable                                                 16,000 Supplies                                                                          6,000 Prepaid Insurance                                                         8,000 Computer Equipment                                               210,000 Accum. Depreciation—Computer Equipment                                     $ 25,000 Accounts Payable                                                                                        20,000 Note Payable                                                                                                71,000 Salaries Payable                                                                                            3,000 J. Yan, Capital                                                                                            109,000 J. Yan, Withdrawals                                                   12,000 DVD Rental Revenue                                                                               133,000 Advertising Expense                                                  26,000 Depreciation Expense                                                12,000 Rent Expense                                                              19,000 Salaries Expense                                                       ...
The accounts in the ledger of Hickory Furniture Company as of December 31, 2016, are listed...
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...
The adjusted trial balance of JT Music Production, Inc. follows JT Music Productions, Inc Adjusted Trial...
The adjusted trial balance of JT Music Production, Inc. follows JT Music Productions, Inc Adjusted Trial Balance December 31 Cash 55,000 Supplies 5,000 Prepaid Insurance 10,000 Studio Equipment 75,000 Accumulated Depreciation-Studio Equipment 10,000 Accounts Payable 5,000 JT, Capital 100,000 JT, withdrawals 7,000 Revenue 65,000 Salaries expense 5,000 Depreciation expense 5,000 Rent expense 10,000 Supplies expense 2,000 Utilities expense 5,000 Insurance expense 11,000 Totals 190,000 190,000 a) prepare the closing entries for JT Music Productions, Inc b) What is the balance...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT