Question

8. Harrington Carpentry had the following accounts and account balances after adjusting entries. Assume all accounts have normal balances. Prepare the adjusted trial balance for Harrington Carpentry as of December 31, 2018 (Click the icon to view the account balances.) Adjusted Trial Balance December 31, 2018 Balance Debit Credit ict: 0 Account Title Cash Accounts Receivable Office Supplies Land Equipment Accumulated Depreciation Equipment Accounts Payable Utilities Payable Uneamed Revenue Common Stock Dividends Service Revenue

Answer 1

ADJUSTED TRIAL BALANCE

DECEMBER 31, 2018

	DEBIT	CREDIT
Cash	$ 3,750
Accounts receivable	$ 620
Office Supplies	$ 170
Land	$ 3,000
Equipment	$ 8,000
Accumulated Depreciation-Equipment		$ 1,700
Accounts payable		$ 350
Utilities payable		$ 220
Unearned revenue		$ 650
Common stock		$ 5,060
Dividend	$ 1,400
Service revenue		$ 11,000
Utilities expense	$ 200
Salaries expense	$ 750
Supplies expense	$ 40
Depreciation expense	$ 1,050
TOTAL	$ 18,980	$ 18,980

SUMMARY:

Total debit balance = $ 18,980

Total credit side less common stock = 13,920

Common stock = 18,980 - 13,920

Common stock = $ 5,060.