Required On December 31, Year 1, Morgan Company had the following normal account balances in its...
Required
On December 31, Year 1, Morgan Company had the following normal
account balances in its general ledger. Use this information to
prepare a trial balance.
| Land | $ | 23,500 |
| Unearned revenue | 19,300 | |
| Dividends | 5,250 | |
| Prepaid rent | 5,650 | |
| Cash | 61,650 | |
| Salaries expense | 12,500 | |
| Accounts payable | 1,550 | |
| Common stock | 29,000 | |
| Operating expense | 14,200 | |
| Office supplies | 1,750 | |
| Advertising expense | 2,200 | |
| Retained Earnings, 1/1/Year 1 | 16,060 | |
| Service revenue | 67,650 | |
| Accounts receivable | 6,860 | |
|
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Homework Answers
| MORGAN COMPANY | ||
| Trial Balance | ||
| December 31, Year 1 | ||
| Account Tittles | Debit | Credit |
| Land | 23,500.00 | |
| Unearned revenue | 19,300.00 | |
| Dividends | 5,250.00 | |
| Prepaid rent | 5,650.00 | |
| Cash | 61,650.00 | |
| Salaries expense | 12,500.00 | |
| Accounts payable | 1,550.00 | |
| Common stock | 29,000.00 | |
| Operating expense | 14,200.00 | |
| Office supplies | 1,750.00 | |
| Advertising expense | 2,200.00 | |
| Retained Earnings, 1/1/Year 1 | 16,060.00 | |
| Service revenue | 67,650.00 | |
| Accounts receivable | 6,860.00 | |
| Totals | 133,560.00 | 133,560.00 |
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