Supplies Expense 620 Miscellaneous Expense g. ✓ 710 ✓ Feedback ►Check My Work 3. Prepare an unadjusted trial balance as of August 31, 2017. List all accounts in the order of Assets, Liabilities, Stockholders' equity, Revenues, and Expenses. If an amount box does not require an entry, leave it blank. Planet Realty Unadjusted Trial Balance Account Cash ✓ Supplies Accounts Payable Common Stock August 31, 2017 Debit Balances Credit Balances 10,060 X 500 ✓ 710 21,000 ✓ 1,020 ✓ 17,220 Dividends Sales Commissions Rent Expense 3,790 Office Salaries Expense ✓ 2,200 ✓ Automobile Expense 1,050 Supplies Expense 620 ✓ Miscellaneous Expense 710 ✓ Total Feedback ►Check My Work 4. Determine the following: a. $ Amount of total revenue recorded in the ledger. 17,220 ✓ b. Amount of total expenses recorded in the ledger. $ 1,050 X C. Amount of net income for August. 710 X Determine the increase or decrease in retained earnings for August. 5. 9 750 X Increase

Supplies Expense 620 Miscellaneous Expense g. ✓ 710 ✓ Feedback ►Check My Work 3. Prepare an unadjusted trial balance as of August 31, 2017. List all accounts in the order of Assets, Liabilities, Stockholders' equity, Revenues, and Expenses. If an amount box does not require an entry, leave it blank. Planet Realty Unadjusted Trial Balance Account Cash ✓ Supplies Accounts Payable Common Stock August 31, 2017 Debit Balances Credit Balances 10,060 X 500 ✓ 710 21,000 ✓ 1,020 ✓ 17,220 Dividends Sales Commissions Rent Expense 3,790 Office Salaries Expense ✓ 2,200 ✓ Automobile Expense 1,050 Supplies Expense 620 ✓ Miscellaneous Expense 710 ✓ Total Feedback ►Check My Work 4. Determine the following: a. $ Amount of total revenue recorded in the ledger. 17,220 ✓ b. Amount of total expenses recorded in the ledger. $ 1,050 X C. Amount of net income for August. 710 X Determine the increase or decrease in retained earnings for August. 5. 9 750 X Increase

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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