The accounts in the ledger of Diva Co. as of July 31, 2012, are listed in alphabetical
Question:
The accounts in the ledger of Diva Co. as of July 31, 2012, 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.
$ 28,000 $ 50,000 Notes Payable Prepaid Insurance Rent Expense Retained Earnings Supplies Supplies Expense Accounts Payable Accounts Receivable 40,000 6,400 Capital Stock 20,000 36,000 29,900 4,000 Cash ? Dividends 25,000 Fees Earned 350,000 6,000 9,000 Insurance Expense Unearned Rent 13,500 Utilities Expense Wages Expense Land 125,000 12,000 18,000 195,000 Miscellaneous Expense
Step by Step Answer:
DIVA CO Unadjusted Trial Balance July 31 2012 Debit Credit Balances Balances Cash 1...View the full answer
Financial and Managerial Accounting Using Excel for Success
ISBN: 978-1111993979
1st edition
Authors: James Reeve, Carl S. Warren, Jonathan Duchac
Related Video
A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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