The accounts in the ledger of Hickory Furniture Company as of December 31, 2019, are listed in alphabetical order as follows. All accounts have normal balances. The balance of the cash account has been intentionally omitted. $ 42,770 Accounts Payable Notes Payable Prepaid Insurance Rent Expense Supplies Supplies Expense 50,000 Accounts Receivable 116,900 21,600 Cash ? 48,000 Elaine Wells, Capital Elaine Wells, Drawing 75,000 4,275 24,000 6,255 Fees Earned Unearned Rent 745,230 12,000 Utilities Expense Wages Expense Insurance Expense 3,600 26,850 Land 50,000 580,700 Miscellaneous Expense 9,500 Prepare an unadjusted trial balance, listing the accounts in their normal order and insert- ing the missing figure for cash
The accounts in the ledger of Hickory Furniture Company as of December 31, 2019, are listed in alphabetical order as follows. All accounts have normal balances. The balance of the cash account has been intentionally omitted. $ 42,770 Accounts Payable Notes Payable Prepaid Insurance Rent Expense Supplies Supplies Expense 50,000 Accounts Receivable 116,900 21,600 Cash ? 48,000 Elaine Wells, Capital Elaine Wells, Drawing 75,000 4,275 24,000 6,255 Fees Earned Unearned Rent 745,230 12,000 Utilities Expense Wages Expense Insurance Expense 3,600 26,850 Land 50,000 580,700 Miscellaneous Expense 9,500 Prepare an unadjusted trial balance, listing the accounts in their normal order and insert- ing the missing figure for cash
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The accounts in the ledger of Hickory Furniture Company as of December 31, 2019, are
listed in alphabetical order as follows. All accounts have normal balances. The balance of
the cash account has been intentionally omitted.
$ 42,770
Accounts Payable
Notes Payable
Prepaid Insurance
Rent Expense
Supplies
Supplies Expense
50,000
Accounts Receivable
116,900
21,600
Cash
?
48,000
Elaine Wells, Capital
Elaine Wells, Drawing
75,000
4,275
24,000
6,255
Fees Earned
Unearned Rent
745,230
12,000
Utilities Expense
Wages Expense
Insurance Expense
3,600
26,850
Land
50,000
580,700
Miscellaneous Expense
9,500
Prepare an unadjusted trial balance, listing the accounts in their normal order and insert-
ing the missing figure for cash
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