Determining the trial balance

Assignment Help Accounting Basics

Reference no: EM13954107

Trial Balance

The following account titles, arranged in alphabetical order, are from the records of Hadley Realty Corporation. The balance in each account is the normal balance for that account. The balances are as of December 31, after adjusting entries have been made. Prepare an adjusted trial balance, listing the accounts in the following order: (1) assets; (2) liabilities; (3) stockholders' equity accounts, including dividends; (4) revenues; and (5) expenses.

Accounts Payable	$12,300	Interest Expense	$ 200
Accounts Receivable	21,230	Interest Payable	200
Accumulated Depreciation-Automobiles	12,000	Land	40,000
Accumulated Depreciation-Buildings	15,000	Notes Payable	20,000
Automobiles	48,000	Office Supplies	1,680
Buildings	60,000	Office Supplies Expense	5,320
Capital Stock	25,000	Prepaid Insurance	1,200
Cash	2,460	Rent Expense	2,400
Commissions Earned	17,420	Retained Earnings	85,445
Commissions Expense	2,300	Wages and Salaries Expense	1,245
Dividends	1,500	Wages and Salaries Payable	470
Insurance Expense	300

Reference no: EM13954107

Questions Cloud

Which alpha provides a more accurate forecast : HiTek Computer Services repairs and services personal computers at its store, and it makes local service calls. It primarily uses part-time State University students as technicians. The company has had steady growth since it started. Which alpha prov..

What is the possible value of x : A polygenic trait is controlled by 3 genes A, B and C. In a cross AaBbCc × AaBbCc, the phenotypic ratio of the offsprings was observed as 1 : 6 : x : 20 : x : 6 : 1. What is the possible value of x?

Supervisory manager of a large production group : You are the supervisory manager of a large production group. Your project is a "priority one" task for your company. Your staff is already committed to a number of in-house initiatives that are driven by deadlines and requirements.

Differences in role of nurse manager, nurse administraton : Gathering information from current literature (your choice), and/or the American Organization of Nurse Executive Competencies, and/or the American Nurses Credentialing Center outline of competencies for nurse managers, compare and contrast the di..

Determining the trial balance : The following account titles, arranged in alphabetical order, are from the records of Hadley Realty Corporation. The balance in each account is the normal balance for that account.

Matrix personnel are appropriately protected-compensated : With more and more project teams being formed in matrix format, what changes need to be made to your company's incentive, pay, and reward processes? Who is responsible for ensuring that matrix personnel are appropriately protected and compensated?

Required by law to change its physical work environment : A company was required by law to change its physical work environment in such a way so as to enable disabled people to function properly. Since the company followed a(n) _____ ethics program, it did not stop at just making changes that would help it ..

Linear correlation between the number of cigarettes smoked : Describe the error in the conclusion. Given: There is a linear correlation between the number of cigarettes smoked and the pulse rate. As the number of cigarettes increases the pulse rate increases. Conclusion: Cigarettes cause the pulse rate to ..

Choose your numbers for n and x (portion of n). : (probability that person has college degree is p = 0.30). If N adults are randomly selected, find probabilities that

User Account

All Pages