Question: Question Content Area Continuing Problem Chapter 3 - Instruction #1 The unadjusted trial balance for PS Music as of July 31, 20Y5 is as follows:
Question Content Area
Continuing Problem Chapter 3 - Instruction #1
The unadjusted trial balance for PS Music as of July 31, 20Y5 is as follows:
| Line Item Description | Account No. | Debit Balances | Credit Balances |
|---|---|---|---|
| Cash | 11 | 9,945 | |
| Accounts Receivable | 12 | 2,750 | |
| Supplies | 14 | 1,020 | |
| Prepaid Insurance | 15 | 2,700 | |
| Office Equipment | 17 | 7,500 | |
| Accounts Payable | 21 | 8,350 | |
| Unearned Revenue | 23 | 7,200 | |
| Common Stock | 31 | 9,000 | |
| Dividends | 33 | 1,750 | |
| Fees Earned | 41 | 16,200 | |
| Wages Expense | 50 | 2,800 | |
| Office Rent Expense | 51 | 2,550 | |
| Equipment Rent Expense | 52 | 1,375 | |
| Utilities Expense | 53 | 1,215 | |
| Music Expense | 54 | 3,610 | |
| Advertising Expense | 55 | 1,500 | |
| Supplies Expense | 56 | 180 | |
| Miscellaneous Expense | 59 | 1,855 | |
| 40,750 | 40,750 |
Required: Adjusted Trial Balance
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