Create unadjusted balance sheet combing these two balances

unajusted trial balnace for june $31,2017$

Account Debit

Cash $1,500$

Accounts Receivable $11,975$

Store Supplies $2,400$

Merchandise Inventory

Estimated Returns Inventory

Accounts Payable $32,850$

Customer Refunds Payable $20,730$

Sales

Rent Expense $5,000$

Advertising Expense $11,000$

Cost of Merchandise Sold $190,000$

Sales Salaries Expense $56,000$

Office Salaries Expense $29,000$

Account balance from June $1,2017$

Cash $83,600$

Accounts Receivable $233,900$

Merchandise Inventory $652,400$

Prepaid Insurance $16,800$

Store Supplies $11,400$

store Equipment $569,500$

Accumulated Depreciation$-$ Store Equipment $56,700$

Accounts Payable $96,600$

Customer Refunds Payable $50,000$

Salaries Payable

Steven Ward, Capital, June $1,2016685,300$

Steven Ward, Drawing $135,000$

Sales $5,069,000$

Cost of Merchandise Sold $2,823,000$

Sales Salaries Expense $664,800$

Advertising Expense $281,000$

Depreciation Expense

Store Supplies Expense

Miscellaneous Selling Expense $281,000$

Office Salaries Expense $382,100$

Rent Expense $83,700$

Insurance Expense

Miscellaneous Administrative Expense $7,800$

Estimated Returns Inventory

Answer rating: 100% (QA)

To create an unadjusted balance sheet by combining the two balances we need to add up the account ba... View the full answer