Question

2.17 (LO 4) AP Use the ledger balances that follow to prepare a trial balance for Pettipas Company at April 30, 2021. All account balances are normal.

Prepare trial balance.

Accounts payable		$  3,300		Prepaid rent		$    800
Accounts receivable		5,000		Rent expense		4,500
C. Pettipas, capital		22,500		Salaries expense		1,000
C. Pettipas, drawings		1,100		Service revenue		8,000
Cash		6,400		Supplies		650
Equipment		14,600		Unearned revenue		250

Answer 1

Solution:

Trial Balance
Account Title	Debit	Credit
Cash	$6,400
Accounts Receivable	$5,000
Supplies	$650
Prepaid rent	$800
Equipment	$14,600
Accounts Payable		$3,300
Unearned revenue		$250
C. Pettipas, Capital		$22,500
C. Pettipas, drawings	$1,100
Service Revenue		$8,000
Rent expense	$4,500
Salaries expense	$1,000
Total	$34,050	$34,050