The accounts in the ledger of Hickory Furniture Company as of December 31, 2016, are listed in
Question:
Prepare an unadjusted trial balance, listing the accounts in their normal order and inserting the missing figure for cash.
Transcribed Image Text:
Accounts Payable Accounts Receivable 42,770 Notes Payable 50,000 116,900 Prepaid Insurance 21,600 48,000 60,000 ?Rent Expense Common Stock Dividends Fees Earned Insurance Expense 15,000 Retained Earnings 24,000 Supplies 745,230 Supplies Expense 3,600 Unearned Rent 50,000 Utilities Expense 9,500 Wages Expense 6,255 12,000 26,850 580,700 Miscellaneous Expense
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Related Book For
Financial and Managerial Accounting
ISBN: 978-1285866307
13th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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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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