The accounts in the ledger of Atlantic Furniture Company as of July 2018 are listed in alpha-betical order as follows. All accounts have normal balances. The balance of the cash account has been intentionally omitted. Accounts Payable$92,400.        Notes Payable$25,000 Accounts Receivable 483,600.   Prepaid Insurance 21,600  Cash            ?                            Rent Expense140,000 Common Stock75,000             RetainedEarnings 311,600 Dividends   24,000                     Supplies3,975 Fees Earned2,750,000           Supplies Expense11,200 Insurance Expense9,000            Unearned Rent6,000 Land50,000.                       Utilities Expense49,100 Miscellaneous Expense10,200    Wages Expense2,250,000 Prepare an unadjusted trial balance, listing the accounts in their normal order and inserting the missing figure for cash."

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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"The accounts in the ledger of Atlantic Furniture Company as of July 2018 are listed in alpha-betical order as follows. All accounts have normal balances. The balance of the cash account has been intentionally omitted.

Accounts Payable$92,400.        Notes Payable$25,000

Accounts Receivable 483,600.   Prepaid Insurance 21,600

 Cash            ?                            Rent Expense140,000

Common Stock75,000             RetainedEarnings 311,600

Dividends   24,000                     Supplies3,975

Fees Earned2,750,000           Supplies Expense11,200

Insurance Expense9,000            Unearned Rent6,000

Land50,000.                       Utilities Expense49,100

Miscellaneous Expense10,200    Wages Expense2,250,000

Prepare an unadjusted trial balance, listing the accounts in their normal order and inserting the missing figure for cash."

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