Question regarding the trial balance

Assignment Help Accounting Basics

Reference no: EM13986599

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 bal- ances 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: EM13986599

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