Question

Please answer

At September 30, Balance Corporation reported the following unadjustad amounts for its accounts, each of which is considered to be a nonmal account balance. $11,000 1,900 1,300 85,900 60,000 61,D00 35,900 40,700 37.500 2,900 900 2,500 28,700 Accounts Payable Accounts Recevable Cash Common Stock Equipment Note Payable Rent Revenue Retained Earnin Supplies Supplies Expense Utilities Expense Salaries and Wages Expense gs Required: Prepare an unadjusted trial balance. BALANCE CORPORATION Unadjusted Trial Balance Titles Debit Credit Totals

Answer 1

BALANCE CORPORATION Unadjusted Trial Balance Sep-30 Account Title Accounts payable Accounts Receivable Advertising Expense Cash Debit Credit 11,000 1,900 1,300 60,000 61,000 Equipment Notes payable Rent Revenue Retained Earnings Supplies Supplies Expense Utilities Expense Salary and wages Expense Totals 35,900 40,700 37,500 2,900 900 2,500 28,700 1,85,1001,85,100

Note :

Debit = All assets + Expenses and losses accounts

Credit = Liabilities + Incomes and Gains

In the given information :

Debit :

Assets = Accounts Receivable + cash + equipment + supplies

Expenses and losses = Advertising expense + Supplies expense + Utilities expense + Salary and wages expense

Credit :

Liabilities = Accounts payable + Common stock + Notes payable + Retained earnings

Incomes = Rent Revenue

Finally Trial balance total both Debit and credit should be equal.