Question

unajusted trial balance financial accounting

Required information The following information applies to the questions displayed below) Alison and Chuck Renny began operations of their furniture repair shop (Lary Sofa Furniture, Inc.) on January 1, 2017. The annual reporting period ends December 31. The trial balance on January 1, 2018, follows famounts are rounded to thousands of dollars to simplify Account Titles Debit Credit Accounts Receivable Supplies Equipment Acculated Depreciation Software A nalated Amortization Accounts Payable otes Payable long-term Salaries and was payable Interest Payable Income Tax Payable Deferred Rover Cono Stock Retained Earnings Service Revenue Supplies Expense Depreciation Expense Salaries and Wages Expense Interest Expense Income Tax Expense

Answer 1

	Unadjusted Trial Balance
Account Titles	Debit	Credit
Cash	$                   43
Accounts Receivable	$                      5
Supplies	$                   12
Equipment	$                   23
Accumulated Depreciation - Equipment		$                 -
Software	$                   12
Accumulated Amortization		$                  2
Accounts Payable		$                  6
Notes Payable		$                30
Salaries and Wages Payable		$                 -
Interest Payable		$                 -
Income Tax Payable		$                 -
Deferred Revenue		$                  2
Common Stock		$                20
Retained Earnings		$                  5
Service Revenue		$                74
Supplies Expense	$                    -
Salaries and Wages Expense	$                   44
Depreciation Expense - Equipment	$                    -
Amortization Expense	$                    -
Interest Expense	$                    -
Income Tax Expense	$                    -
Total	$                 139	$              139