3. Prepare an unadjusted trial balance as of January 31, 20Y5.1 Cash2 Supplies3 Accounts Payable4Fahad Ali, Capital5 Fahad Ali, Drawing6Fees Earned7 Rent Expense8 Office Salaries Expense9 Automobile Expense10 Supplies Expense11 Miscellaneous Expense12 TotalsMountain Top RealtyUNADJUSTED TRIAL BALANCEJanuary 31, 20Y5ACCOUNT TITLEDEBITCREDIT On January 1, 20Y5, Fahad Ali established Mountain Top Realty, which completed the following transactions during the month:Jan.1 Fahad Ali transferred cash from a personal bank account to an account to be used for the business,$31,000.Paid rent on office and equipment for the month, $3,050.Purchased supplies on account, $2,250.Paid creditor on account, $850.Earned fees, receiving cash, $14,660.Paid automobile expenses (including rental charge) for month, $1,540, and miscellaneous expenses,$670.7Paid office salaries, $2,600.8 Determined that the cost of supplies used was $1,050.9Withdrew cash for personal use, $2,200.23456

The closing balance of all ledger accounts is recorded in the trial balance. To ensure that there is…

3. Prepare an unadjusted trial balance as of January 31, 20Y5. 1 Cash 2 Supplies 3 Accounts Payable 4 Fahad Ali, Capital 5 Fahad Ali, Drawing Mountain Top Realty UNADJUSTED TRIAL BALANCE January 31, 20Y5 ACCOUNT TITLE DEBIT CREDIT

3. Prepare an unadjusted trial balance as of January 31, 20Y5. 1 Cash 2 Supplies 3 Accounts Payable 4 Fahad Ali, Capital 5 Fahad Ali, Drawing Mountain Top Realty UNADJUSTED TRIAL BALANCE January 31, 20Y5 ACCOUNT TITLE DEBIT CREDIT

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

3. Prepare an unadjusted trial balance as of January 31, 20Y5.
1 Cash
2 Supplies
3 Accounts Payable
4
Fahad Ali, Capital
5 Fahad Ali, Drawing
6
Fees Earned
7 Rent Expense
8 Office Salaries Expense
9 Automobile Expense
10 Supplies Expense
11 Miscellaneous Expense
12 Totals
Mountain Top Realty
UNADJUSTED TRIAL BALANCE
January 31, 20Y5
ACCOUNT TITLE
DEBIT
CREDIT

On January 1, 20Y5, Fahad Ali established Mountain Top Realty, which completed the following transactions during the month:
Jan.
1 Fahad Ali transferred cash from a personal bank account to an account to be used for the business,
$31,000.
Paid rent on office and equipment for the month, $3,050.
Purchased supplies on account, $2,250.
Paid creditor on account, $850.
Earned fees, receiving cash, $14,660.
Paid automobile expenses (including rental charge) for month, $1,540, and miscellaneous expenses,
$670.
7
Paid office salaries, $2,600.
8 Determined that the cost of supplies used was $1,050.
9
Withdrew cash for personal use, $2,200.
2
3
4
5
6

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