Stant Company Unadjusted Trial Balance July 31, 2020 Cash $7,500 Accounts Receivable 38,400 Prepaid insurance Supplies 7,200 1,980 Land 112,500 Building Accumulated depreciation - Building 200,250 $137,550 Equipment Accumulated depreciation – Equipment Accounts payable Salaries and wages payable 135,300 97,950 12,150 Unearned rent 6,750 Tracy Stant, Capital Tracy Stant, Drawing 221,000 15,000 Fees earned 324,600 Salaries and wages expense Utilities expense 193,370 42,375 Insurance expense Supplies expense Depreciation expense Advertising expense Repairs expense Miscellaneous expense 22,800 17,250 6,075 $800,000 $800,000

Stant Company Unadjusted Trial Balance July 31, 2020 Cash $7,500 Accounts Receivable 38,400 Prepaid insurance Supplies 7,200 1,980 Land 112,500 Building Accumulated depreciation - Building 200,250 $137,550 Equipment Accumulated depreciation – Equipment Accounts payable Salaries and wages payable 135,300 97,950 12,150 Unearned rent 6,750 Tracy Stant, Capital Tracy Stant, Drawing 221,000 15,000 Fees earned 324,600 Salaries and wages expense Utilities expense 193,370 42,375 Insurance expense Supplies expense Depreciation expense Advertising expense Repairs expense Miscellaneous expense 22,800 17,250 6,075 $800,000 $800,000

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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