Question

5. The accounts in the ledger of Miller Entertainment Co. are listed below. All accounts have normal balances. Accounts payable $405 Fees Earned $3,168 Accounts receivable 672 Insurance Expense 663 Supplies 500 Rent expense 1,500 Prepaid insurance 2,184 Land 2,704 Cash 1,782 Wages expense 685 Office equipment 1,800 Retained earnings 5,500 Dividends 718 Common stock 5.835 Unearned rent 1,600 What are total assets? Prepare a trial balance. What are the total debits?

If someone could please help me with the trial balance and the total debits.

Answer 1

Credit Cash Miller Entertainment Co. Trial Balance Account Titles Debit Cash $1,782 Accounts Receivable $672 Supplies $500 Prepaid Insurance $2,184 Land $2,704 Office Equipment $1,800 Accounts Payable Unearned Rent Common Stock Retained Earnings Dividends $718 Fees Earned Wages Expense $685 Rent Expense $1,500 Insurance Expense $663 Totals $13,208 Accounts Receivable Supplies Prepaid Insurance Land Office Equipment Total Assets $1,782 $672 $500 $2,184 $2,704 $1,800 $9,642 $405 $1,600 $5,835 $5,500 Total Debits $13,208 --> Ref: Trial Balance $3,168 $16,508 $3,300 --> Credit side total exceeds debit side total.