The accounts in the ledger of Cupid Co. as of December 31, 2012, are listed in alphabetical
Question:
The accounts in the ledger of Cupid Co. as of December 31, 2012, are listed in alphabetical order as follows. All accounts have normal balances. The balance of the cash account has been intentionally omitted.
Prepare a trial balance, listing the accounts in their proper order and inserting the missing figure forcash.
Transcribed Image Text:
28,000 59,900 50,000 Accounts Payable Accounts Receivable Capital Stock Cash Dividends Fees Earned Insurance Expense Land Miscellaneous Expense 30,000 465,000 9,000 127,500 13,350 Notes Payable Prepaid Insurance Rent Expense Retained Earnings Supplies Supplies Expense Unearned Rent Utilities Expense Wages Expense 60,000 4,500 90,000 83,500 3,150 11,850 13,500 62,250 262,500
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CUPID CO Trial Balance December 31 2012 Debit Credit Balances Balances Cash 26000 Accounts Receivabl...View the full answer
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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