Question

The accounts below all have normal balances. Service fees 40,650, accounts receivable18,000, rent expense 3,700, utilities expense1,400, Alana, capital 42,100, Alana, drawing2,700, wages expense 18,300, equipment35,000, supplies 4,400, accounts payable10,400, prepaid insurance 1,600, cash8,050. Required: Prepare a trial balance for Alana's Florist Shop as of September 30, 20–. If an amount box does not require an entry, leave it blank.

Answer 1

To prepare a trial balance for Alana's Florist Shop, list all the accounts with their balances, indicating whether they are a debit or a credit. The trial balance includes accounts such as service fees, accounts receivable, rent expense, and more.

Step-by-step explanation:

To prepare a trial balance for Alana's Florist Shop as of September 30, 20–, we need to list all the accounts and their balances. The trial balance includes all the accounts with their normal balances, which are either a debit or a credit.

Here is the trial balance for Alana's Florist Shop:

• Service fees: $40,650 (credit)
• Accounts receivable: $18,000 (debit)
• Rent expense: $3,700 (debit)
• Utilities expense: $1,400 (debit)
• Alana, capital: $42,100 (credit)
• Alana, drawing: $2,700 (debit)
• Wages expense: $18,300 (debit)
• Equipment: $35,000 (debit)
• Supplies: $4,400 (debit)
• Accounts payable: $10,400 (credit)
• Prepaid insurance: $1,600 (debit)
• Cash: $8,050 (debit)