The adjusted trial balance for PI Detectives reported the following account balances: Accounts Receivable $ 500; Supplies

Question:

The adjusted trial balance for PI Detectives reported the following account balances: $ 500; Supplies $ 9,000; Prepaid Insurance $ 7,200; Equipment $ 28,000; Accumulated Depreciation— Equipment $ 4,000; $ 200; Unearned Revenue $ 5,000; Notes Payable $ 3,000; $ 22,000; Retained Earnings $ 5,700; Dividends $ 3,000; Service Revenue $ 33,800; Salaries and Wages Expense $ 20,000; and Depreciation Expense $ 1,000. Prepare an adjusted trial balance as of December 31, and solve for its missing Cash balance. Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...