The accounts in the ledger of Hickory Furniture Company as of December 31, 2019, are listed in alphabetical order as follows

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.

Accounts Payable $  42,770
Notes Payable $ 50,000
Accounts Receivable 116,900
Prepaid Insurance 21,600
Cash ?
Rent Expense 48,000
Elaine Wells, Capital 75,000
Supplies 4,275
Elaine Wells, Drawing 24,000
Supplies Expense 6,255
Fees Earned 745,230
Unearned Rent 12,000
Insurance Expense 3,600
Utilities Expense 26,850
Land 50,000
Wages Expense 580,700
Miscellaneous Expense 9,500

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


Answer:

HICKORY FURNITURE COMPANY
Unadjusted Trial Balance
 December 31, 2019
Debit Credit
Balances Balances
Cash33,320
Accounts Receivable116,900
Supplies4,275
Prepaid insurance21,600
Land50,000
Accounts Payable42,770
Unearned Rent12,000
Notes Payable50,000
Elaine Wells, Capital75,000
Elaine Wells, Drawing24,000
Fees Earned745,230
Wages Expense580,700
Rent Expense48,000
Utilities Expense26,850
Supplies Expense6,255
Insurance Expense3,600
Miscellaneous Expense9,500
925,000 925,000
*$33,320 = $925,000 – $9,500 – $3,600 – $6,255 – $26,850 – $48,000 – $580,700 – $24,000
 – $50,000 – $21,600 – $4,275 – $116,900