Question

Form an unadjusted trial balanced formed from this information. The total debits should equal $121,900

Date	Account Name	Debit	Credit
2017
Aug 1	Cash	60000
	Capital stock		60000
Aug 3	Computer equipment	12000
	Cash		5000
	Notes payable		7000
Aug 5	No entry
Aug 8	Merchandise inventory	21000
	Cash		7000
	Accounts payable		14000
Aug 10	Prepaid insurance	6000
	Cash		6000
Aug 11	Cash	9000
	Unearned service revenue		9000
Aug 12	Supplies	6200
	Accounts payable		6200
Aug 15	Advertising expense	2800
	Cash		2800
Aug 18	Accounts receivable	26000
	Sales		26000
Aug 18	Cost of goods sold	11000
	Merchandise inventory		11000
Aug 23	Accounts payable	4700
	Cash		4700
Aug 25	Cash	12600
	Accounts receivable		12600
Aug 27	Cash	4400
	Sales		4400
Aug 27	Cost of goods sold	1300
	Merchandise inventory		1300
Aug 29	Utilities expense	800
	Cash		800
Aug 30	Dividend expense	900
	Cash		900

Answer 1

Solution:

Trial Balance
as of August 2017
Account Name	Debit	Credit
cash	$        58,800.00
Capital Stock		$     60,000.00
Computer Equipment	$        12,000.00
Notes payable		$       7,000.00
Merchandise Inventory	$          8,700.00
Accounts payable		$     15,500.00
Prepaid insurance	$          6,000.00
Unearned Service Revenue		$       9,000.00
Supplies	$          6,200.00
Advertising Expenses	$          2,800.00
Accounts Receivables	$        13,400.00
Sales		$     30,400.00
Cost of Goods Sold	$        12,300.00
Utilities Expenses	$              800.00
Dividend Expense	$              900.00
Total	$    1,21,900.00	$ 1,21,900.00