Question

Anderson Construction Corporation builds foundations for buildings and parking lots. The following alphabetical list shows Anderson Construction’s account balances as of April 30, 2011:
Accounts Payable .......... $ 1,950
Accounts Receivable ........ 5,060
Cash ................ ?
Common Stock ........... 15,000
Dividends ............. 3,900
Equipment ............. 13,350
Notes Payable ............. 10,000
Rent Expense ............ $3,600
Retained Earnings .......... 5,000
Revenue Earned ........... 8,700
Supplies .............. 3,250
Utilities Expense ......... 210
Wages Expense .......... 4,400

REQUIRED
Insert the account title at the top of its corresponding T account and enter the dollar amount as a normal balance in the account. Determine the balance of Cash and then show that the accounting equation is inbalance.


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  • CreatedSeptember 10, 2014
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