Stant Company Unadjusted Trial Balance July 31, 2020 Cash $7,500 Accounts Receivable 38,400 Prepaid insurance 7,200 Supplies 1,980 Land 112,500 Building 200,250 Accumulated depreciation – Building $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 Insurance expense 193,370 42,375 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 7,200 Supplies 1,980 Land 112,500 Building 200,250 Accumulated depreciation – Building $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 Insurance expense 193,370 42,375 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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Trial Balance as at 30 September 2021 Dr Cr $ $ Equity 2,300,000 Sales 4,281,923 Purchases 1,893,612 Carriage Outwards 43,000 Drawings 15,000 Rent & Rates 96,000 Stationery 25,962 Advertising 100,000 Salaries & Wages 325,711 Returns 5,296 3,481 Bad Debts 33,250 Rent Receivables 100,000 Provision for Depreciation -Building 390,000 -Motor Vehicle 160,000 -Equipment 450,000 Carriage Inwards 56,009 Bank 25,000 Inventory, 1 October 2017 120,000 Equipment – at cost 1,500,000 Building – at cost 2,600,000 Motor Vehicle – at cost 800,000 Land 1,500,000 Commission Receivable 6,200 Discounts 12,693 32,158 Trade receivables 298,730 Trade payables 226,501 Cash 50,000…
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