The accounts in the ledger of Devers Gym as of August 31 are listed in alphabetical order
Question:
The accounts in the ledger of Devers Gym as of August 31 are listed in alphabetical order as follows. All accounts have normal balances. The balance of the cash account has been omitted.
Prepare an unadjusted trial balance, listing the accounts in proper sequence and inserting the missing figure for cash.
Cash Fees Earned 180,600
Accounts Receivable 63,450 Wages Expense 94,000
Prepaid Insurance 16,800 Rent Expense 42,000
Supplies 3,000 Utilities Expense 16,700
Land 125,000 Supplies Expense 9,500
Insurance Expense 4,200
Accounts Payable 36,200 Miscellaneous Expense 4,500
Notes Payable 125,000 Common Stock 30,000
Unearned Rent 18,000 Retained Earnings 72,300
Dividends 5,000
Expert Answer:
To prepare the unadjusted trial balance we need to list all the accounts with their respective balan... View the full answer
