Question

Seth's Tax Services had the following accounts and account balances after adjusting entries. Assume all accounts have normal balances (Click the icon to view the accounts listing.) Prepare the adjusted trial balance for Seth's Tax Services as of December 31, 2018 Account Title Debit Credit 0 Data Table Cash Land Utilities Payable $7 26,000 150 3,700 1,800 75,000 1,100 14,000 Accounts Payable Accumulated Depreciation Service Revenue Supplies Expense Equipment Accounts Receivable Office Supplies Common Stock Utilities Expense Unoamed Revenue Depreciation Expense Equipment Salarles Expense 11,000 4,950 700 22,600 1,650 900 1,900 5,600 Equipment Dividends Print Done Total Choose from any list or enter any number in the input fields and then continue to the next question.

Answer 1

Ans.	Seth's   Tax   Services
	Adjusted Trial Balance
	As of December 31, 2018
		Debit	Credit
	Cash   (balancing figure)	$37,250
	Land	$26,000
	Utilities payable		$150
	Accounts payable		$3,700
	Accumulated depreciation - Equipment		$1,800
	Service revenue		$75,000
	Supplies expense	$1,100
	Dividends	$14,000
	Equipment	$11,000
	Accounts receivable	$4,950
	Office supplies	$700
	Common stock		$22,600
	Utilities expense	$1,650
	Unearned revenue		$900
	Depreciation expenses - Equipment	$1,900
	Salaries expense	$5,600
	TOTAL	$104,150	$104,150
	*Cash is calculated on the balancing figure basis as the total of both sides is equal in a adjusted
	trial balance.
	*All assets have normal debit balance.
	*All liabilities have normal credit balance.
	*All expenses have normal debit balance.
	*All revenues have normal credit balance.