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   
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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
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