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The accounts in the ledger of Leaf Co. as of December 31, 2014, are listed in alphabetical order as follows. All accounts have normal balances. The balance of the cash account has been intentionally omitted.
Accounts Payable
$ 23,500
Notes Payable
$ 50,000
Accounts Receivable
38,100
Prepaid Insurance
6,400
Capital Stock
8,000
Rent Expense
36,000
Cash
?
Retained Earnings
42,000
Dividends
16,000
Supplies
3,200
Fees Earned
538,000
Supplies Expense
9,000
Insurance Expense
6,000
Unearned Rent
13,500
Land
40,000
Utilities Expense
18,000
Miscellaneous Expense
12,000
Wages Expense
476,800
Prepare an unadjusted trial balance, listing the accounts in their normal order and inserting the missing figure for cash.
Find the Cost of goods sold for the year- accounting records of Karlana Corporation for the just-completed year.
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