The accounts in the ledger of Hickory Furniture Company as of December 31, 2016,
ID: 2606060 • Letter: T
Question
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.
Prepare an unadjusted trial balance, listing the accounts in their normal order and inserting the missing figure for cash.
Unadjusted Trial Balance
Prepare an unadjusted trial balance, listing the accounts in their normal order and inserting the missing figure for cash.
Hickory Furniture Company
UNADJUSTED TRIAL BALANCE
December 31, 2016
1
Cash
2
Accounts Receivable
3
Supplies
4
Prepaid insurance
5
Land
6
Accounts Payable
7
Unearned Rent
8
Notes Payable
9
Elaine Wells, Capital
10
Elaine Wells, Drawing
11
Fees Earned
12
Wages Expense
13
Rent Expense
14
Utilities Expense
15
Supplies Expense
16
Insurance Expense
17
Miscellaneous Expense
18
Totals
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 Land 45,000 Wages Expense 573,200 Miscellaneous Expense 10,000Explanation / Answer
Account Title Debit Credit 1 Cash (balancing figure) 42850 2 Accounts Receivable 115920 3 Supplies 4880 4 Prepaid Insurance 20500 5 Land 45000 6 Accounts Payable 42910 7 Unearned Rent 13000 8 Notes Payable 45000 9 Elaine Wells, Capital 70000 10 Elaine Wells, Drawing 21500 11 Fees Earned 746900 12 Wages Expense 573200 13 Rent Expense 47000 14 Utilities Expense 26150 15 Supplies Expense 7410 16 Insurance Expense 3400 17 Miscellaneous Expense 10000 TOTAL 917810 917810
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