MC Tutoring Plus Adjusted Trial Balance July 31, 20X1 Account Debit Credit Cash $27,875 Accounts receivable $23,500 Supplies $2,000 Prepaid insurance $2,560 Equipment $96,000 Accumulated depreciation $36,125 Land $23,550 Accounts payable $23,605 Salaries payable $500 Unearned revenues $5,600 Marissa Chianese, Capital $80,865 Marissa Chinese, Drawing $5,000 Sales $99,550 Sales discounts $600 Sales returns and allowances $11,000 Cost of merchandise sold $30,520 Office salaries expense $6,250 Office rent expense $1,000 Store rent expense $5,500 Sales salaries expense $8,000 Advertising expense $1,500 Office supplies expense $1,240 Miscellaenous selling expense $150 $246,245 $246,245

Answer rating: 100% (QA)

To prepare an adjusted trial balance for MC Tutoring Plus as of July 31 20X1 ... View the full answer