Question

Trial Balance

The accounts in the ledger of Seaside Furniture Company as of August 20Y5 are listed in alphabetical order as follows. All accounts have normal balances. The balance of the cash account has been intentionally omitted.

Accounts Payable	$118,600
Accounts Receivable	660,500
Cash	?
Common Stock	150,000
Dividends	36,000
Fees Earned	4,330,000
Insurance Expense	18,000
Land	1,850,000
Miscellaneous Expense	30,200
Notes Payable	75,000
Prepaid Insurance	21,600
Rent Expense	390,000
Retained Earnings	1,814,400
Supplies	11,200
Supplies Expense	23,700
Unearned Rent	12,000
Utilities Expense	82,000
Wages Expense	2,950,000

Prepare an unadjusted trial balance. List all the accounts in the order of Assets, Liabilities, Stockholders’ equity, Revenues, and Expenses. Place the amounts in the proper columns. If an entry is not required in an amount box, leave it blank.

Seaside Furniture Company
Unadjusted Trial Balance
August 31, 20Y5
	Debit Balances	Credit Balances
Accounts Receivable

Answer 1

Seaside Furniture Company
Unadjusted Trial Balance
August 31, 20Y5
	Debit Balances	Credit Balances
Accounts Receivable	660,500
Cash	426,800
Supplies	11,200
Prepaid insurance	21,600
Land	1,850,000
Accounts payable		118,600
Unearned rent		12,000
Notes payable		75,000
Common stock		150,000
Retained earnings		1,814,400
Dividends	36000
Fees earned		4,330,000
Insurance expense	18,000
Miscellaneous expense	30,200
Rent expense	390,000
Supplies expense	23,700
Utilities expense	82,000
Wages expense	2,950,000
Total	$6,500,000	$6,500,000

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