Question

Trial Balance

The accounts in the ledger of Hickory Furniture Company as of December 31, 20Y6, are listed in alphabetical order below. All accounts have normal balances. The balance of the cash account has been intentionally omitted.

Accounts Payable	$37,100
Accounts Receivable	74,200
Cash	?
Elaine Wells, Capital	173,100
Elaine Wells, Drawing	40,000
Fees Earned	618,300
Insurance Expense	11,750
Land	169,400
Miscellaneous Expense	17,300
Notes Payable	80,000
Prepaid Insurance	5,550
Rent Expense	117,500
Supplies	3,700
Supplies Expense	15,450
Unearned Rent	17,900
Utilities Expense	82,850
Wages Expense	346,250

Prepare an unadjusted trial balance, listing the accounts in their normal order and inserting the missing figure for cash. If an amount box does not require an entry, leave it blank.

Hickory Furniture Company
Unadjusted Trial Balance
December 31, 20Y6
	Debit Balances	Credit Balances

Answer 1

Hickory Furniture Company Unadjusted Trial balance December 31, 20Y6 Accounts Title Debit Credit Cash $ 42,450 Accounts Receivable $ 74,200 Supplies $ 3,700 Prepaid Insurance $ 5,550 Land $ 169,400 Accounts Payable $ 37,100 Unearned Rent $ 17,900 Notes Payable $ 80,000 Elaine Wells, Capital $ 173,100 Elaine Wells, Drawing $ 40,000 Fees Earned $618,300 Wages Expense $ 346,250 Rent Expense $ 117,500 Utilities Expense $ 82,850 Supplies Expense $ 15,450 Insurance Expense $ 11,750 Miscellaneous Expense $ 17,300 Total $926,400 $ 926,400 Note : Please comment down for any further clarifications