Prepare an unadjusted trial balance

Assignment Help Financial Accounting

Reference no: EM13849858

Question:

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.

Reference no: EM13849858

Questions Cloud

How to judge whether it is worth processing an order : How to judge whether it is worth processing an order of $ 1,000 at a gross margin of $ 200?

Should social media included in business communication plan : Critically analyse the use of social media as a communication medium in a crisis situation. Should social media be included in a business communication plan? In what ways can social media be used in a positive and negative way in a crisis situatio..

The bonds make semiannual payments : Heginbotham Corp. issued 15-year bonds two years ago at a coupon rate of 8.2 percent. The bonds make semiannual payments. If these bonds currently sell for 103 percent of par value, what is the YTM?

Calculate the increase in volume necessary to cover cost : Next year ABC healthcare organization will serve 100 patients in the following manner. 30 Medicare Patients who pay charges less 30%/diagnosis. 20 Medicaid patients who pay charges less 30% per diagnosis. Calculate the increase in volume necessary to..

Prepare an unadjusted trial balance : Prepare an unadjusted trial balance, listing the accounts in their normal order and inserting the missing figure for cash.

Design a simple network monitoring system : In this assignment, you are going to design a simple network monitoring system that is suitable for a small business.

Measure free cash flows on firms statement of cash flows : Where would one look to measure free cash flows (FCF) on a firm's statement of cash flows?

Type of proforma method-incremental changes : With this type of proforma method, we look ahead on our balance sheet for large, incremental changes such as the expansion of a new factory. In this fashion, we are able to identify financing needs

The value of ngo''s on global governance : This week we discussed the value of NGO's (non-governmental organizations) have on global governance. Using the internet, select any NGO of your choice and submit a 3-5 page paper on how you feel they are impacting global governance. The influence..

User Account

All Pages