What would the unadjusted trial balance look like for the following transactions

Question

What would the unadjusted trial balance look like for the following transactions?

1-Jan Cash 4,000    Common Stock 4,000 2-Jan Cash 5000    Notes Payable 5000 3-Jan Rent Expense 900    Cash 900 4-Jan Supplies 450    Accounts Payable 450 5-Jan Equipment 7200    Cash 7200 6-Jan Equipment 2850    Cash 1350    Accounts Payable 1500 7-Jan Prepaid Advertisement 375 Advertisement Expense 125 Cash 500 8-Jan Insurance Expense 225    Cash 225 9-Jan Cash 2625    Service Revenue 2625 10-Jan Cash 5125    Unearned Service Revenue 5125 11-Jan Cash 1500    Accounts Receivable 1500 12-Jan Accounts Payable 600    Cash 600 13-Jan Cash 1300    Accounts Receivable 1300 14-Jan Dividends 1000    Cash 1000

Explanation / Answer

The unadjusted trial balance for the above transactions is shown as follows:-

  Trial Balance (Amounts in $)

Working Notes:-

1) Calculation of Ending Cash Balance (Amounts in $)

Account Titles Debit Credit Cash (WN 1) 7,775 Common Stock 4,000 Notes Payable 5,000 Rent Expense 900 Supplies 450 Accounts Payable (450+1,500-600) 1,350 Equipment (7,200+2,850) 10,050 Prepaid Advertisement 375 Advertisement Expense 125 Insurance Expense 225 Service Revenue 2,625 Unearned Service Revenue 5,125 Accounts Receivable (1,500+1,300) 2,800 Dividends 1,000 Total 20,900 20,900

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