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Magee company had the following normal account balances

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Preparing a trial balance

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On December 31, 2013, Magee Company had the following normal account balances in its general ledger. Use this information to prepare a trial balance.

Common Stock ....... $ 50,000
Salaries Expense ....... 32,000
Office Supplies ........ 3,600
Advertising Expense ...... 5,000
Retained Earnings, 1/1/2013 . 28,400
Unearned Revenue ..... 36,000
Accounts Receivable .... 13,000
Cash ........... 120,000
Service Revenue ..... 152,000
Dividends ........ 10,000
Prepaid Insurance ...... 12,800
Land ........... 44,000
Rent Expense ....... 30,000
Accounts Payable ...... 4,000 

 

Reference no: EM13914711

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