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Calculator Trial Balance The accounts in the ledger of Hickory Furniture Company as of December 31, 2019, are listed in phabe
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CengageNOWI Oline teaching and learning resource from Cengage Learning eBook Calculator Show Me How beые Credit Balances Bala
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Answer #1
Hickory Furniture Company
Unadjusted Trial Balance
December 31,2019
Debit balances Credit balances
Cash 33320
Accounts Recievable 116900
Supplies 4275
Prepaid Insurance 21600
Land 50000
Accounts Payable 42770
Unearned Rent 12000
Notes Payable 50000
Elaine Wells, Capital 75000
Elaine Wells, Drawings 24000
Fees earned 745230
Wages expense 580700
Rent expense 48000
Utilities expense 26850
Supplies expense 6255
Insurance expense 3600
Miscellaneous expense 9500
925000 925000
Workings:
Total Credit balances 925000
Less: Debit balances excluding Cash 891680
Cash balance 33320
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