The trial balance of Mis-Match Inc. on June 30, 2020, is as

The following transactions took place in July 2020:

1. Payments received from customers on account amounted to $1,320.

2. A computer printer was purchased on account for $500.

3. Services provided to clients and billed on account amounted to $3,890.

4. In July, $400 of supplies was purchased on account, and a physical count on July 31 showed that there was $475 of supplies on hand on July 31.

5. When the Unearned Revenue account was reviewed, it was found that $825 of the balance was earned in July.

6. Salaries and Wages Expense of $670 related to employee services provided in July was not yet recorded as at July 31 (will be paid in August).

7. Payments to suppliers on account amounted to $2,125.

8. Received invoices totalling $1,160 related to office expenses incurred in July.

9. Declared a dividend of $575 on July 31.

Instructions

Prepare the trial balance as at July 31, 2020, assuming that Mis-Match did not record closing entries at the end of June 2020. (Note: It may be necessary to add one or more accounts to the trial balance.) Use a work sheet to record and summarize transactions and balances.

Transcribed Image Text:

Credit Debit $ 2,870 Cash Accounts receivable Supplies Equipment Accounts payable Unearned revenue 3,231 800 3,800 $ 2,666 1,200 Common shares 6,000 Retained earnings Service revenue Salaries and wages expense Office expense 2,795 2,380 3,400 940 $15,041 $15,041